Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.10

-1.4%

3:59 PM EST

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To: Charlie J who wrote (6068)	6/15/1998 2:14:00 PM
From: William T. Katz	Read Replies (1) of 164684

I'm a short and I don't think Amazon will implode. But my reasoning is quite simple: why pay more than $1 billion more for Amazon than a mega-retailer like Barnes and Noble, especially when B&N will make $1.5 billion more revenue than Amazon even with optimistic '98 projections? At these prices, Amazon had better have higher revenue and higher margins than the current B&N by year 2002. And the current stock price corresponds to Amazon in year 2000+. That's an awful lot to pay for some uncertainty. At any rate, I've put in a stop market order cover at 55 9/16 so I either get 1/2 from my short if AMZN still has strength, or I follow AMZN lower.

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