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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 246.42-0.4%Jan 12 3:59 PM EST
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To: Oeconomicus who wrote (1858)3/2/1998 9:01:00 PM
From: Ken Pomaranski  Read Replies (4) of 164684
 
I think the shorts will end up being very sorry at the end of this.
This stock (and board) remind me ALOT of the Iomega boards before
the stock rose 1500%.

The one thing that strikes me as the most interesting is that fact
that 9 out of 10 posts on this board are negative. It's the same
way over at Yahoo. The BULLS get lambasted here (and there) which
is quite the opposite of most boards. This occurred at the beginning
of Iomega's huge rise also.

Now about 9999 out of 10000 posts are bullish, and the stock has been
floundering for 2 years. (IOM)

The short's fallacy is their lack of homework studying the
balance sheet. If you look closely, Amazon makes money on the sales
of their books. In fact, the GM approaches 20%. The reason they lose
money is their HUGE investment in advertizing. They are playing this
VERY, VERY smart. They are investing in the brand name, market share,
etc... Then when they pull the plug on this you'll see a big spike
in EPS.

Also, don't forget that the expectations are low in the stock. No one
expects them to make money for a long time. The 'bad news' is out.

I LOVE being the contrarian and when EVERYONE hates a winner, I just
buy more and more...

Good luck to all!

kp
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