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

AMZN 229.10

-1.4%

Dec 4 3:59 PM EST

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To: Bill Harmond who wrote (137583)	1/23/2002 1:13:00 AM
From: bobby beara	Read Replies (1) of 164684

amazon makes a profit and sells at 1200 p/e ratio or something absurd, when you can buy sears, wmt, target, or a hundred other retailers at low 2 digit p/e ratios (still most not cheap by historical standards) and all have web presense. The internet only retail model was based on the long disproved 'new economy' internet model, which all know now as a 'mania', selling crap on the internet is not a big money maker. today was probably a selling opportunity in amazon, but you cannot discount the foolishness of WS.

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