Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Shoe who wrote (16815)	1/9/1999 9:42:00 PM
From: JOHN CHEN	Read Replies (2) of 18691

You have to understand there's big difference between Walmart and AMZN. Most of the people online as of today are not your average JOE out of Kansas. The ones use online are your sophiscated, well-to-do yuppies. They are not your typical Walmart customer. I may be biased since I am in the Silicon Valley and look around everyone has a 1/2 million dollar house enriched by stock options. I, for one, have never ever shop at Walmart...nor do I want to park my BMW in the parking lot! having said all this, there's no question AMZN has its customer and has a business model. However, the problem is not its business, its the valuation. The current valuation can not justify AMZN business.

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