Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

3:59 PM EST

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To: Ram Seetharaman who wrote (106525)	7/26/2000 5:08:49 PM
From: Alomex	Read Replies (3) of 164684

If $ 32 is the bottom, then it may not be a bad idea to add now, for a double in 2001! You think Amazon's president would have quit if he thought $32 was the bottom? This stock can go down a long way and still be expensive. Hey, it is already trading at one quarter of its record high and it's just recently been downgraded further! My simple revenue projection model says that this stock is still expensive at $16 (keep in mind that this is the same crude model that in the past advised against shorting this stock as I posted here at the time).

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