Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: trouthead who wrote (32647)	1/5/1999 3:18:00 PM
From: Arik T.G.	Read Replies (1) of 164684

Denial of what? I can't deny that the price of a share in this company keeps rising. I can't deny that sales are growing at a very good rate. I also can't deny that this company is not worth IMO what others are willing to pay for it. Not half, not a fifth. OTOH the longs can't deny that most of the trading in this stock is done by day traders, and not LT investors or institutions. Today's volume is what, twice the float? The excuses for the new higher price of today vs. yesterday's price become thinner each week. A split is no reason for rising market cap, just another very popular excuse. As long as there's a bigger fool the stock will keep rising. And after that it will be another IOM. ATG

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