Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.12

+1.6%

Dec 23 3:59 PM EST

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To: Tom D who wrote (23804)	10/29/1998 11:26:00 PM
From: Philip Logos	Read Replies (2) of 164684

The future is uncertain. For the time being, they are king of the hill, and being valued as such. Tom, It's amazing they're being valued as such by the few who control it. It's the mechanics of the stock float itself, and the brokerage firms who tout it and support it with managed account dollars, that keeps it where it is. It's like a two-party political system. If you get enough ayes to agree, their dollars will mathematically eliminate short-selling positions and all others opposed. They know the company is doomed long term. The numbers surely indicate it. But for the short-run, it's convenient to keep dollars pouring into it, until it's too expensive to do so. Philip

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