Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: Glenn D. Rudolph who wrote (37081)	1/27/1999 3:30:00 PM
From: Alomex	Read Replies (1) of 164684

I tend to agree that the trend is down but I only wish to say that prior to all the splits I shorted around $80. A friend of mine said would you cover if it went to $100. I said no. What about $150. I said no. He and I said 200 is impossible. It went to $1200. Wow. You have always been a brave bear. I too consider this stock overvalued, but I still don't agree with your take that this company will end up in chapter 11. I still think the most viable scenario is a middle of the road succesful retailer/catalogue seller (which happens to sell on the Web). Final valuation: somewhere similar to Sears, or Land's End. Bears both in this thread and in Yahoo's were fond of predictions that they would never ever earn a profit. Well, as sales figures increased Yahoo margins improved rapidly and it now earns a modest profit. Yet Amazon was unable to put a dent on their losses on the face of extraordinary succesfull selling season. This suggests that they are selling each item at a loss and not "losing money beacuse they are financing expansion" as the Motley Fool is so fond of saying.

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