Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Olu Emuleomo who wrote (135264)	11/29/2001 11:33:22 AM
From: Oeconomicus	Read Replies (1) of 164684

That's a pretty chart. A break above 12 1/2 or so and it looks clear for a run to the 200-day. Problem is the fundamentals just don't support that kind of valuation - or even the current one. It's trading at more than 10x sales based on last Q's run rate, the analysts are projecting further sales declines this Q and flat the next, and it looks to me like sales need to double from here before they can earn a cash profit. You've gotta have a lot of faith in TA, not to mention assuming fundamentals don't matter, to buy JDSU. JMO, of course. Good luck. Bob

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