Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.47

-1.0%

3:33 PM EST

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To: Bill Harmond who wrote (42342)	2/24/1999 8:18:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

William, >> Long-term interest rates are the key external discounting variable for a stock's future earnings stream. As long-term risk-free rates go higher the change causes the future earnings from stock to become less valuable. << I only meant to say that the exact amount of future earnings of amzn is so uncertain that I can't accept that as a reason for any price action. Perhaps we should ask Happy-girl, or Sonny, or Jan, or anyone whether they took the discounted earning stream into consideration when they sold. Two million shares were sold at at loss after they were purchased a few minutes before. These people don't care about any earnings, they just wanted to be on the winning side of a short squeeze.

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