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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%Dec 1 3:59 PM EST
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To: Glenn D. Rudolph who wrote (6006)6/14/1998 8:28:00 PM
From: Paddler  Read Replies (2) of 164684
 
"I am amazed at the hype of how the net will change the picture of shopping. Shopping in its present sense is not much different than 500 years ago. We have added the automobile, phone, credit cards, and other features to shopping but retailing is pretty much the same. What worked in the 16th century, will work today."

I agree, it doesn't take much to drive by a mall and see the parking lot full even on a beautiful summer day. e-tailing won't put the retailers out of business nor the direct mailers. It will just add another option to the mix and create a new class of buyers, just as the direct mailers did 10-20 years ago. I'm in the direct mail business and when we buy lists we look for direct reponsive buyers (that's why once you order something from direct mail, it seems like everyone is suddenly after you.) AMZN will help create another new class of buyers who are internet responsive buyers. So now there will be three distinct classes of buyers and IMO sellers to all three of these will prosper. And I think the ones who will prosper the most will be the ones who go after all three classes.

It's good to see the setiment changing on this thread. I started lurking here after I shorted the stock and was a bit shocked to see everyone here a bear. I think to be successful in shorting you've got to be a contrarian. AMZN has got a good chance of being a great company 20 years in the future, it's just right now they're way overvalued. My short's just a basic business decision, nothing more. The question now is how long the hype will last.

-Rob
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