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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.27-0.6%Dec 11 3:59 PM EST

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To: Glenn D. Rudolph who wrote (13838)8/17/1998 6:28:00 PM
From: Tenpole  Read Replies (1) of 164684
 
Glenn,

I am short AMZN (and hope to keep my position until it gets to the 60's) but I believe they have a future.

None of us know where e-commerce is going; AMZN is a pioneer and that holds as many opportunities as it does risks. Look at NETC. ISPs were the future (1996), then the stock lost 80% through 1996/7 and as the business model has developed (and as the market has become a bit more mature) the stock has just about trebled in the last year.

The AMZN of 2000 may be a more prosaic beast than the death-or-glory animal we know now. I just doubt that it'll go away.

T
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