Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.12

+1.6%

Dec 23 3:59 PM EST

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To: Skeeter Bug who wrote (117663)	2/13/2001 10:27:05 PM
From: Alomex	Read Replies (1) of 164684

sub 2k is a certainty. the only question is... when. As you might recall, I have argued in the past that according to historical valuations NAZ @ 1000-1500 is not out of line. Having said that I think NASDAQ will see a lot of support all the way from 2400 to 1700, which doesn't mean it couldn't reach 1500. It simply means that it would take several rounds of bad news and bear rallies before it could reach that level. By the time it reaches 1500, it would mean coughing back nearly four years of gains, and if you include growth, nearly five year of returns.

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