Amazon.com, Inc. (AMZN) Message Board

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

AMZN 221.24

-0.6%

3:59 PM EST

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To: jach who wrote (28378)	11/28/1998 12:48:00 PM
From: Rob S.	Read Replies (1) of 164684

Come on, even I, a bear on the current valuation given by speculators, find your opinion out of line with this stock. Anything can happen but guessing at a value of 10 is rediculous at this point and serves little value. As long as the Internet continues to be the fastest growth industry and reshapes a part of commerce, then the stocks will trade at potential future values. The reality of competition and low or non-existant long-term profits won't be what these stocks for years. Amazon is experiencing wild growth this quarter and will not be taken down a significant amount until at least the 2nd quarter. There may be a sell off after the split, but that will not be that severe and may not last more than a couple months. Until the competitive problems which Amazon will eventually face become more apparent and the fever for Internet stocks subsides significantly, don't bet on this one plummeting.

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