I find your efforts to try to make this stock go down pathetic
indeed! It's laughable
Why Ken! You flatter me! You really think I have the power to make AMZN go down? Don't be ridiculous. AMZN will go down all by itself, without my help, because they are selling at a ridiculous price for a company that has no profits, will have no profits, and loses increasing amounts of money quarter after quarter. Insiders are selling heavily (here is the proof edgar-online.com and there is more and more competition coming online everyday( BKS, Bertelsman, Cendant, Borders, Acses etc. etc. etc.), as well as many other booksellers that are significantly larger than AMZN, with BILLIONS in sales (as opposed to AMZN's 140 MILLION) that MAKE money. See this for an example:
ANN ARBOR, Mich., March 9 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP - news) today announced audited
results for its fiscal year ended January 25, 1998. Consistent with the Company's guidance in its press release on January 15,
the Company reported $0.98 diluted earnings per share. This represents an increase of 40% over last year's diluted earnings
per share of $0.70.
biz.yahoo.com
BGP sells for 1.4 times sales, AMZN sells for 13 times sales? WHY?
So you see, in my world, 2+2 still equals four......just because you stick internet in front of AMZN doesn't make 2+2 now equal 5......
P.S. How many points down do you think this post will drive AMZN?.............;^) |
