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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (6773)4/16/1999 9:49:00 AM
From: Michael & B.Anne  Read Replies (1) of 78576
 
I appreciate your support of borders .. and suspicions re: amazon.

I retreat .. but as a passing riposte -- let me observe that all your arguments are based on two premises (open to some debate ?)

1) a statement regarding human behavior -- people preferring to buy at a store vs the net .. despite the time, cost and variety of choice disadvantages.

2) the supposition (conclusion) that amazon is destined to lose money because they are pricing too low to cover operating costs. Let me ask a question: if you were border's marketeer, would you trade (immediately) for a condition where you had no site, inventory or local personnel costs in return for a promise to sell books at 25% below "jacket price."

michael

p.s. I wanna short AOL so bad .. just heard on NPR of class action suit saying volunteers should be paid (including past efforts)
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