Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.23

+1.8%

12:59 PM EST

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To: Glenn D. Rudolph who wrote (3376)	4/24/1998 9:44:00 PM
From: greenspirit	Read Replies (1) of 164684

Well Glenn, it certainly looks like the shorts are feeling some serious pain on this thread. Sorry guys and gals. Glenn, please bear in mind, I am not saying that Amazon isn't overvalued, or that it will not correct significantly from this level. But I do not believe, as some have suggested, that Amazon is going to shrivel up and die. That is a shorts pipe dream. As more and more people learn how to use the Internet, more and more people will discover the Amazon site and use it. The percentages of people who use the internet are ridiculously low as compared to what they will be in 1,5, or 10 years from now. Most certainly Amazon's sales will increase with it. Glenn your <<<I doubt the retailing book industry will change that much. However, if it did, Barnes and Noble along with Borders will change and crush AMZN.>>> The retailing book industry has already changed due to Amazon.com. People are using Amazon's site daily to buy thousands of books. Barnes and Nobles panic move into this sector is testament to that. Eventually, some large entity will buy up Amazon.com along with a bunch of other sites and offer a full service consumer way station for a variety of items. Michael

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