AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) Message Board

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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN)

AMZN 244.22

+9.6%

Oct 31 9:30 AM EST

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To: Candle stick who wrote ()	7/18/1998 2:25:00 PM
From: mrblack	Read Replies (1) of 182

You are right. Ever read Extrodinairy Popular Delusions and the Madness of Crowds. However, while waiting for it to fall you could get completely wiped out. RCA in the early 20s or 30s rose to $500 and something before falling to $18. Broadcast.com up $44 on IPO this is madness. The question is not if these stocks will crash and burn, but when. People have totally unreal expectations. I guess they never took Econ 101 or they never listened. Fat margins invite competition, just as shit attracts flies. Good luck shorting, I don't have the intestinal fortitude or the financial resources. Fortune has an article about all the shorts getting squeezed in AMZN. These stocks can't repeal fundamental economics forever, but with human nature you never know how long or when these glamour stocks will crash and burn. But they will!

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