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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 238.17+0.6%3:59 PM EST

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To: Glenn D. Rudolph who wrote (17614)9/21/1998 12:06:00 PM
From: Rob S.  Read Replies (1) of 164684
 
NZMA is a speculator's stock not an investment. The speculation is purely that more people will find out about the stock because of all the hype that surrounds the darling inet stocks and the big push the underwritters and others have on it. Anyone who puts money into it on some idea that the stock is "worth" the current price based on future performance is nutty and should move to Southern California to work at Disney Studios as a creative consultant for the new version of Fantasia.

Let's just suppose that Amazongonenutty.com is a great company run by the best management the world has ever seen. That doesn't change the fact that the basic assumptions of the business plan are seriously flawed. And that doesn't change the fact that the stock is priced based on better than the best posible scenarios for future profits. ". . . but the company is growing like bonkers man!" seems to be the diatribe of those self-serving anals and brokerages who are pushing this bunk despite the knowledge that profits & margins (losses) have deteriorated and the outlook for competition on the WEB is so apparent that even their clouded minds can't fail to comprehend it.

The stock is NOT driven by fundamentals but the story is worth repeating and debating because it will come into the picture eventually.
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