But I thought if TMF proudly had it in its FoolPort, and printed all those wonderful stories about AMZN and growth, backed by such professional- seeming analysis, there was no way I could loose money buying this stock!
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Investors: Be Warned.
Look for the symptoms of when you are clearly being conned.
Have you ever heard of Amazon.com? Have you ever heard of Borders Bookstore? Have you ever heard of Barnes and Noble?
Are one of the 2,200 plus outlets of Borders or B+N (established, money making operations) located near you? Are you aware, before you invest your money, that the stock market price of this internet startup book seller is so high, as to reflect a valuation on the company exceeding these other institutions mentioned combined? More than twice the valuation of Barnes and Noble?
Are you further aware, that not only is Amazon.com unprofitable, but it has managed to loose, quarter after quarter, more money than in the previous reporting period its entire existence?
Don't Drink and Invest
We recommend, if you are thinking about buying stock in this company, that at least you take the following one simple test before you put your hard earned savings into what could only be called, a stock market pyramid scheme.
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