Amazon.com, Inc. (AMZN) Message Board

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

AMZN 231.57

+1.1%

10:26 AM EST

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To: H James Morris who wrote (133009)	10/17/2001 11:33:19 PM
From: Oeconomicus	Read Replies (1) of 164684

I thought the "new economy" meant that the price target was always something two or more times whatever the price is now. Is that not right? Seriously, I don't know what targets others have put on AVCI and I don't know enough about the others to even have an opinion on their current valuations. I bought AVCI because what I read suggested they have potential to grow rapidly (more rapidly if the whole sector is growing, but grow nonetheless) and the valuation, when I first bought, was only slightly higher than the cash on the books (later is was less than half the cash, so I bought more). I'm not sure what a reasonable fundamental target might be for it, but I'm sure that whatever one might come up with would change significantly with each new report or guidance as to the company's progress.

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