Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.43

-1.0%

1:12 PM EST

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To: Jan Crawley who wrote (9587)	7/8/1998 9:09:00 PM
From: Rob S.	Read Replies (2) of 164684

Still open on them and won't be in the red unless the stocks moves up to around 156. Should have covered today and prepared to sell again. My guess is that AMZN will move up on the open and likely be up on the day but will be off the highs by a substantial amount. Don't really care as I'm willing to let the fools gold chasers run it up - the more the merrier. I think the real "value" of Amazon is around $40 and that's as a highly inflated glory stock. But then I'll allow that Amazon deserves some glory. I feel differently about Yahoo! Their product is always sold at 80%100% gross margins (100% less what they pay for ad agency fees). They are not vulnerable to the same high service costs and margin squeeze that Amazon and other product e-tailers are subjected to. Yahoo! is over-priced but at least there is profit in the operation. amazon won't show a profit for a couple of years and maybe not even then.

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