TomD, you wrote
Tom, great post. I must admit, since the last few days I've had to readjust my investment thinking about Amazon.com.
I think the biggest mistake myself, and the rest of us Amzn bears, have made is our attitude that Wall Street will demand profits much quicker than we thought. Like AOL, it appears that the street is bidding Amzn up to what it might look like in 10 years out and, what it might look then would be one hell of a discussion.
I appreciate your comments here and frankly I wish you had been more active here, but it appears you have been turned off by the rebuttals of our aggessive bears. I might have been one of them. I'd apologise, but, passion is passion.
I guess I must also rethink my negative attitude about Internet Commerce. I've been very cynical about IE's ability to ever become a profitable entity, but you might be right. If a IE company could get its hands on enough cash, hang in there long enough, and take several years of cash losses, it might end up the only player (I believe Amzn would also have to make some aggressive acquisitions along the way) and then could be more influential in pricing.
Tom, I noticed in your profile, you're an MD, also you say your investment style is aggressive. Good Luck.
No disrespect, please don't operate on me. I would prefer a more conservative surgeon..
Good Luck to you. |
