Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Mark Myword who wrote (6321)	6/17/1998 7:12:00 AM
From: Tom D	Read Replies (1) of 164684

<<<may go higher, but will surely revert to a much lower level soon.>>> William, what is your basis for this statement? This is the heart of the challenge AMZN presents to investors. We can all do fundamental analysis. We can all see negative earnings. We all know it is easy to write web pages. Anybody can see that, on fundamentals its overvalued. AMZN is a concept stock. Valuation is disconnected from fundamentals. Why do you say SOON? I think you need an event or a catalyst to bring this stock down. First everybody thought it would be the unlocking of the insider shares. Well, the insiders did not sell. Then they thought it would be the arrival of BKS and serious online competition. Not so far. If you think you have a gift or intuition for timing, go for it. But please consider how difficult it has been for everybody to predict the behavior of this beast. IMHO, enough smart people have lost enough money on this stock. Please give attention to how much risk you are taking. FWIW, I strongly disagree with notion that you can just assume its going to happen soon. It could take years. I don't know. Best regards, Tom D

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