Amazon.com, Inc. (AMZN) Message Board

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

AMZN 231.22

+1.5%

1:08 PM EST

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To: Bill Harmond who wrote (13700)	8/17/1998 1:04:00 AM
From: Rob S.	Read Replies (3) of 164684

When a company values it's stock in making acquisitions at 1/10th the price that wild speculators value it, then I'd say they must be desperate or the stock price is so far from reality that the outrageous price paid makes sense. By any measure other than wild-assed speculative value on far in the future earnings, AMAZON.COM is tremendously over-valued and speculators are twisting in the wind to try to justify it. Hold on and watch your profits slip by. Or better yet, stop talking about how great a buy Amazongonenuts.com is and buy more stock at this price. Otherwise, you are encouraging others to buy just to drive up the price. I and other bears are putting our money freshly on the line every day on the bet that this stock is going down. And guess what? many of us are winning that bet nicely and plan to keep on doing so! If, on the other hand, as I did about ten days ago, I see that AMZN is due for a technical move up, I'll gladly post that too - then investors can make money on each speculative rebound.

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