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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Skeeter Bug who wrote (5940)	6/14/1998 5:43:00 PM
From: Tom D	Read Replies (2) of 164684

<<don't take it personal. we disagree.>> You are right, Skeeter Bug, I did read too much of the personal into it. I apologize to you and Bob Buschmann if I got too mean-spirited. But, what the hey? I'm a republican. We're supposed to be mean. I agree that the shippers will be winners. And I wouldn't want to be investing in commercial real estate for the next few years, as the net allows commerce to move out of larger urban areas. Fortunately for BKS, they are smart enough to lease (rather than own) all their bricks and mortar. I agree that by fundamental analysis AMZN is ridiculously overvalued. But as the concept of the "5 year pure internet etailing" investment, it appeals to a lot of people with money. AMZN bears are saying that the street will demand earnings and the valuation will fall from a concept stock back to one based on fundamentals relatively soon. I'm guessing that won't happen for a few years. Tom

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