Are there any longs here? Or did you guys scare them all away? ;)
I'll clarify a couple points:
(1) My statement comparing AMZN to wal-mart, IBM, etc..
The point I was trying to make is that you are making the BIG
assumption that a big retail book dealer can just waltz in on
the internet and steal AMZN's business on the basis that these
players were successful at the retail level. This is a rash assumption.
It's a different marketplace with a COMPLETELY different way to
market books. Browsing takes on a whole new meaning! Can't offer
coffee to people browsing on the net.
Right now, while the other players are fooling around, AMAZON is
building a wide customer base. EVERYONE on the internet knows
about AMZN. In fact, when net posters recommend a book, they
invariably post the link to the book through AMAZON. You guys
know this.
(2) about 3 mil float vs. 17m+ in hands of insiders.
Yes, I know this. My point was that insiders will be selling SOME
of their shares as they buy bigger houses, buy cars, etc.. This
WILL depress the share price as this process occurs. The float will
increase, giving longs / shorters more fuel.
When this process is over, however, the price will rocket. My
point again is that the selling being done now has nothing to
do with panicked longs.. It's simply a redistribution of shares.
The longs are not selling...
(3) about 99.5%, 99.999%..
What surprised me the most was the fact that you guys chose this
point to jump on the most! Jeez, the numbers were meant to be
exaggerated to prove my point.
BUT, I would hazard to say, that in the population of INTERNET
users I bet that AMZN has a MUCH wider name recognition than
B&N and GDYSIDUUWQ, or whatever that german company's name was.
kp |
