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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: Rob S. who wrote (13262)	8/11/1998 8:09:00 PM
From: Tom D	Read Replies (2) of 164684

<<Amazon.com is so highly over-valued now...>>> Why would you expect there to be any relationship between fundamentals and the market cap? This is an internet "concept stock". We all wonder when AMZN will fall to a valuation based on fundamentals. But, imho, that is years away. (FWIW, I will seriously consider selling when it gets to $300 per share, or when it falls to 50% of its all-time high. These are my parameters for exiting my investment. My basis is around $11.50 per share, (split-adjusted). I have lost plenty of money on other investments, so I have no delusions of superiority. I am a marginally-competent investor, and am wrong too often.) But, as HJM would say, "Trust Me!" Fundamentals have nothing to do with AMZN's price. Best Regards, Tom D

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