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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.25-2.0%3:59 PM EST

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To: GST who wrote (105226)6/22/2000 6:29:00 PM
From: Randy Ellingson  Read Replies (3) of 164684
 
Two years from now, AMZN will be someplace between zero and where it is now. It does not have great potential. It is vastly over-valued.

You paint a more grim picture than I would. With somewhere north of 10M customers with credit cards handy, they may just find a way to improve margins beyond where you'd expect them to be. With the increasing momentum of buyers coming online, Amazon's still got room to surprise on the side of profits. It may very well take them three years instead of one, so they could still become that $500B (but not in two years) company and yet have their stock price be lower two years from now. I'm keeping them for now, though my annualized return is now below 40%. Doh!

Randy
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