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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Bill Harmond who wrote (39889)	2/13/1999 7:40:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

William, Do you think the price action of amzn in the last several weeks has been a response to anything other than various kinds of talk (positive and negative) ? Do the people who believe in the company support their case by any means other than "Covey said this", or "Colin said that" ? or "I think we are going to new highs" ? I saw what you wrote regarding inktome. I don't know anything about that subject, but your note makes sense and one can examine it, try to refute it, agree with it or discuss it. We have seen Glenn say multiple times his analysis of amzn, and the refutation is "well if they grow revenue by 30% for a few years, and if they find something to sell that makes a profit, then all is well". I know you are very successful in investment, but it seems to me the only way so far to make money in amzn stock has been to sell it to some unfortunate fellow who was gullible enough to relieve the early buyers of their shares. No one else has seen a dime. -Sarmad

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