Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Al Chechatka who wrote (52541)	4/24/1999 2:30:00 PM
From: KeepItSimple	Read Replies (1) of 164684

>Let me give you a lesson on margins, one that I learned from my own experiences. So what? Since when did margins or profits or even ethical business practices have ANYTHING to do with internet stocks? Buddy, this is a casino, or a lottery, depending on your viewpoint. It ceased to have anything to do with business nearly 2 years ago. It makes no difference to Amazon/yahoo/ebay if their profit margins are 100% or negative 150%. Their stocks are controlled by day traders with no concept of either. It simply does not matter. :) Just as loans were made by S&L officers without question of financial soundness, internet stocks are being bought without any regard to anything. In both cases, the party won't end until the public wakes up and realizes they've just transferred billions of dollars into the hands of a few people- and those few people always end up in prison. Mobs tend to get angry that way. :)

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