Amazon.com, Inc. (AMZN) Message Board

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

AMZN 217.15

-2.5%

3:59 PM EST

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To: Rob S. who wrote (35762)	1/21/1999 11:33:00 AM
From: michael m	Read Replies (3) of 164684

AMAZON WILL CONTINUE TO DROP Take it from an expert who was on the Iomega bandwagon back in '96. People speculated that Iomega would break the paradigm. The zip drive would replace the 3.5 in drive. Iomega was the stock of the future! Well, guess what happened? Valuation was based on future growth that did not occur! Earnings never came in! The stock slowly dropped over the course of 1 year to fair valuation. However, people who had a love affair with the stock lost their shirt! Look at the fundamentals! Amazon is just a commodity, a supermarket, anyone can sell goods. Competition will eat them alive! DON'T BE FOOLISH WITH YOUR MONEY. If you've made some money be happy and take it off the table. I guarantee the high flyin days are over! This stock is retreating and will continue over the next year! yours Michael M

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