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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.55-4.4%Nov 18 3:59 PM EST
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To: Ken Pomaranski who wrote (1937)3/4/1998 8:36:00 PM
From: Oeconomicus  Read Replies (1) of 164684
 
Ken, do you seriously think that being bullish on AMZN in part because there are so many vocal bears on SI is contrarian investing? Part of any good contrarian pick is that the stock is unloved and undercovered. AMZN is neither. That fact that even many (if not most) bulls on the stock acknowledge that it's valuation seems extreme does not mean that it is, in fact, reasonably valued. It simply means that complacency and greed have overcome common sense.

Regards,
Bob
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