Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 220.77

-0.8%

1:45 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Pomaranski who wrote (1964)	3/4/1998 11:16:00 PM
From: Oeconomicus	Read Replies (1) of 164684

That means that there are VERY, VERY few longs controlling the move upwards in this stock. Good point. That's how we got here - a relative few people controlling the vast majority of the stock and squeezing shorts. The flip side of that is that small shareholders take the hit when the bubble bursts. You do realize that the entire float turned over in two days last week, right? How would you know if the big institutional holders are even around any more? Perhaps they dumped their shares into the short squeeze, leaving much fewer shorts to create short covering rallies on the way down BTW, and are having a good laugh at the expense of the small investors who fell for the hype. Toss in the increased supply from insider selling and then some unexpected market event to revive some fear and what is going to support the stock? Nobody here said that there wasn't room in Internet commerce for AMZN to sell a lot of books (and other stuff) or that only one player would survive. We are only arguing that the future of Internet commerce is far from clear, that book selling is not exactly a high margin, rapid growth industry, that AMZN's ability to turn a profit at any volume is not proven, and that it is foolishness to pay this kind of valuation for the possibility that everything will go exactly right and sometime in the next millenium AMZN might actually be worth what you would pay for it today. Peter Lynch may be right that you should "buy what you like", but I don't think he ever argued that you should do so at any price. Regards, Bob PS: Do you have something against Germans or do you think that typing a random string of letters rather than Bertelsmann is an amusing way of dismissing the competitive threat?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next