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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.69+0.1%3:59 PM EST
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To: - who wrote (60758)6/5/1999 6:08:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
I don't believe in their risk model strongly enough to blindly hold their stock; I do
believe their are many other (even internet) stocks with better risk/reward, and I trade
AMZN both long and short. But, I would argue for the viability of their business just
based on 1) my own heavy use of the web site -- having done a lot of business with them,
2) their ability to quickly expand beyond books and music into auctions, toys, and other
markets. Looking at their financials, they don't bother me a bit! It certainly is a gutsy,
bold business strategy they're pursuing on a huge scale and you have to respect that.

Steve,

You have made one of the better arguments in some time. I can't even disagree<G>

Studied accounting? Yes, I'm an engineer with an MBA and have started and built a total
of seven substantial businesses

OT a little. Our backgrounds are similar.

I have to check your businesses out of interest when I get a moment.
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