Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.54

+0.2%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (12590)	8/4/1998 10:35:00 PM
From: Don Westermeyer	Read Replies (2) of 164684

IMO the only thing holding AMZN at the current level is a serious supply/demand imbalance of it's stock and the markets obsession with the i-net 'leaders'. The small float of stock is easily held by funds with 'strong hands' and what's left has been whipped up by the momentum players. Oops - Actually I think I need to retract most of this. I see the float is now 19.3 million shares. I guess all that stock is still in strong hands or today would have been different for AMZN. When growth actually slows for this nutcase stock the chart will get ugly very fast. I just cannot believe AMZN will live up to the expectations built into the stock price. Even a P/E of 50 on earnings of $0.50 (in 2005?) makes this a $25 stock. This stock makes even YHOO look undervalued.

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