Amazon.com, Inc. (AMZN) Message Board

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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: H James Morris who wrote (14257)	8/21/1998 6:45:00 PM
From: Tom D	Read Replies (2) of 164684

HJ: FWIW I am bearish on the overall markets, believing them to be overvalued by 20 to 30%. I admit to being clueless about what AMZN will do during this time. In my opinion, it has shown surprising strength, relative even to other large cap name-brand internet stocks. In order to keep its generous market cap, AMZN must do everything right. I am sincerely impressed that BarnesandNoble.com produced a miserable performance in Q2. They lost most money than AMZN that quarter in their online bookstore, advertised heavily, and raked in a paltry $12M in sales. Also CDNW is going down the toilet. So far, competitors have yet to make a dent in AMZN's growth into a multibillion dollar etailer. I remain a long-term bull. I doubt AMZN will ever see my sell target (1/2 the record high). The amazon story remains intact. Best Regards, Tom D

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