Amazon.com, Inc. (AMZN) Message Board

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

AMZN 244.76

-1.8%

11:04 AM EST

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To: ChinuSFO who wrote (33835)	1/9/1999 3:18:00 PM
From: Mike M	Read Replies (1) of 164684

Sorry Chinmoy, but I think you are all wet! Even if I thought that someday AMZN would make a profit, which I consider doubtful, the stock price is absolutely ridiculous at this point. Any market weakness will expose the myriad of novices that are terribly overexposed in this bubble. At best this stock is several years ahead of itself and only at these levels because the money supply is out of control and markets are thoroughly giddy. All it has taken is the addition of a .com to put a rocket booster on a floundering company's market cap.....If only it could be so easy. We have no way of knowing whether this is "a top", "the top" or a one day reversal for AMZN. But, you are assuring someone who is obviously inexperienced and probably has no business in this stock, that everything is OK....It isn't OK and darn likely to get less so, before it gets better. I doubt you know this person's circumstances well enough to be giving him/her advice. Mike

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