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

AMZN 230.27

-0.6%

3:59 PM EST

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To: Mark Myword who wrote (5324)	6/10/1998 6:37:00 PM
From: Michel Bera	Read Replies (1) of 164684

William, I thought last year that "making money" was the right way to chose between Internet stocks, and went to buy EGRP instead of AMZN, at the price of $32 (both were around the same area). EGRP was - and is still - making money. Almost a year after, EGRP is crawling - again, having made money every quarter with a good rate of growth, etc. - still around low 20s, and AMZN - losing money - has more than tripled. I spend money on AMZN, buying books, and feel also faithful - should I say excited ? - about building some kind of "new" concept of bookstore; A kind of revenge from Gutenberg against McLuhan. Online tools will sell more real good old paper books than ever ! I remember in France the same type of excitement when we got in 1981 all our radio channels freed from government monopoly, and a radio "special" station named NRJ was born, against all odds. The station is still today a powerful channel. I am learning a lot here, but I just went to good old sayings from Peter Lynch "put your money where you spend it" and more anonymous "never fight the tape". Just some personal feelings about AMZN. MiB

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