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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.41+1.6%Nov 10 3:59 PM EST
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To: Jenne who wrote (33824)1/9/1999 11:08:00 AM
From: Cosmo Daisey  Read Replies (11) of 164684
 
Jenne,
If you buy 100 to 200 shares of AMZN now and hold it for five years you will probably be a millionaire. Sure there will be downturns and upturns but that's what makes a market. AMZN is using the AOL business model that has made them a blue chip internet stock. The model is keep investing in the company to get customers now and worry about profits later. AMZN has a huge cash flow, they sell you a book and get your payment and then pay for the book about 14 days later. This is a huge resource for them. Home Depot is successful for the same reason, they sell you the goods before they pay for them. Five years from now it won't matter whether you paid $190 or $90 for the stock. Borders Books announced lower expected earnings, take a guess why? There are only so many books that will be sold each year and AMZN is cutting the bricks and mortar retailers out of the market. I ordered three books and had them sent as gifts, no mailing time for me, credit card already on file, no trip to Borders, best price for the books. Speaking of credit cards, this is another reason AMZN will grow. Your card number is on file. If you order a book from someone else you have to go through the card info process again, this brings customer loyalty because it's easier at AMZN. Our investment is on the right track. The price action Friday is good and shows sign of continued strength. The price hit an all time high, pulled back sharply but closed well above the low for the day. This is the most bullish sign you will see. I doubled my position on the pullback.
cdaiseyPhD@heliopause.com
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