Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: eDollar.com who wrote (59741)	6/1/1999 9:05:00 PM
From: option007	Read Replies (5) of 164684

I don't own any amazon but I can tell you that to my views Amazon will never go to $50. I believe today was the low. Barrons played a very dirty shot on them, which is undeserved and unprovoqued. Amazon has right strategy. They want to grow revenue at the sacrifice of costs. They have 3.4 billion in the bank to make many acquistions. Expect some strong news from Amazon to combat bad publicity. I believe their might be some acquistion annonced along with a stock split 2 for 1 to signal confidence in stock. Remember if Amazon goes to $50 as you say then it would be a lousy investment because to trade at such a low price means a total loss of confidence from investors. Sometimes a low price is not the best thing. Buy low and goes even lower. Buy high and goes much higher. Remember this. If goes to $50 next stop is Chapter 11.

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