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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST
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To: majormember who wrote (18853)9/28/1998 6:54:00 PM
From: OtherChap  Read Replies (1) of 164684
 
> Ah' finally some meat.....I show consensus of -.54, are you
>saying they will lose less? that alone could re-test old highs.

It's very simple. Amazon will lose more money this quarter than it did last quarter, or any previous quarter for that matter. Their revenue is increasing but their losses are increasing faster.

Amazon has guided all the analysts lower, from a loss of around 20 cents to a loss of 54 cents. Now, of course, Amazon can report a loss of 51 cents and say "We beat estimates!!" You can bet your last dime that nowhere in Amazons press release will they mention that losses have doubled- they will only mention that total revenue has increased.

Of course this is all smoke and mirrors, but Amazon's accountants know for a fact that the average investor doesn't understand how the accounting game is played and so they will continue to deceive the public every quarter, at least until the SEC steps in and puts an end to this "running joke" as one CNBC commentator referred to Amazon.

Once accounting and earnings games are removed from the picture, there is nothing holding this stock up. Even KTEL, which had more shorts pile onto it than any stock I've ever seen, eventually collapsed when people realized it was nothing more than a money losing pyramid scheme.
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