Amazon.com, Inc. (AMZN) Message Board

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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: Mark Fowler who wrote (8319)	7/2/1998 12:15:00 AM
From: Dwight E. Karlsen	Read Replies (2) of 164684

Mark, why should you care what anyone says about the stock, as long as you're long and it goes up? You're definitely being touchy and defensive. This suggests that you know dang well you're riding a bubble. Congrats on all the money you've made. But the reality is, Amazon is still just a book seller, with sidelines in music CDs and whatever else. Nevertheless, those are still simply books and CDs, and it is still very expensive to pay for that bandwidth, servers, web-site designers, etc. Unfortunately, the reality is that bigger players are at this moment moving in on the niche carved out by Amazon. The stock bubble will burst eventually, as surely as the sun has set tonight. Jeff or someone mentioned that these companies are being bid up in anticipation of what they will be worth 2 and 3 years down the road. Fine. But how many people day-trading the stock right now will still be day-trading from the long side in even 1 more year? My guess is nobody. So the bubble will burst well in advance of the outcome of the vaunted "worth" 2 and 3 years down the road.

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