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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST

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To: Kevin Podsiadlik who wrote (130980)9/6/2001 4:18:38 PM
From: stockman_scott  Read Replies (1) of 164684
 
Who's buying AMZN on a day like this?

This company is so over-valued its not even funny...Janus and Legg Mason have lost a fortune on this stock. I can't believe they still own much of this stock -- then again, I could be wrong. Amazon HAS NEVER made money (as in having a NET INCOME)....P/Es matter in this new environment....How can Amazon differentiate itself? Does it have a sustainable business model or the management team to really execute?

I currently hold no position in this stock...It would have been quite a short over the last 12 months though (not quite as lucrative as ARBA though).

Best Regards,

Scott
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