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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST

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To: MoonBrother who wrote (33112)1/7/1999 4:28:00 AM
From: Jay8088  Read Replies (3) of 164684
 
<<<< All signs have suggested that this year will be marked as
e-commerce's first true take-off year. AMZN, the undisputed e-commerce king, will no doubt enjoy this terrific year. Let me ask you this, if e-tailers put up net sales increase rate 2x of last year's rate, what do you think it will affect AMZN's price? >>>>

What does e-commerce or for that matter any other fundamental factors have to do with AMZN stock price? Did tulip mania have anything to do with intrinsic value of flowers? Or South Sea Bubble with real economic prospects? Or more recent example: Suppose in one year, the price of some hot beanie babies went up 10 fold. Could it do it again? Yes. If the demand is there. But are you willing to buy dolls on that account? And no doubt Bezos is smart enough to control the supply and build up 'aura of value' for his money losing company. But the game would be over soon enough once the fad gets old. Heard of cabbage patch dolls lately?
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