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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (61353)6/9/1999 8:26:00 AM
From: GST  Read Replies (1) | Respond to of 164684
 
James -- When the history of the net is being written, I think AMZN will be the company mentioned most often when people ask 'what were they thinking when they paid that much for those shares?' Truth is, the stock splits mask the extent of the run-up in price precisely because there is no valuation method in use by many traders other than 'let me see, its trading at $100 now, and uh, that sounds cheap to me, uh, ya, uh, I should buy some more'. (Taking notice of the fact that there are many on this thread who say they have sound reasons for believing in the their 'valuation model' for this stock). Down with AMZN. Long live the net.



To: H James Morris who wrote (61353)6/9/1999 8:37:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
Gst, do you know when Amzn goes down to 50, it will still be a pre-adjusted $500
stock?? For a company that bled off $80mil in it's last fiscal year. That's not bad! Don't
you think??

James,

We are looking to bleed close to $300 million in this fiscal year which is close to 1/2 over. Profits are improving;-)


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