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


To: Cap_Loss_Cfwd who wrote (64604)6/25/1999 12:04:00 PM
From: Rob S.  Respond to of 164684
 
It is worth whatever someone is willing to pay for it. The fact remains that the Internet continues to grow rapidly, (at least for a while longer), and online stock gambling has become a major US pastime. Those factors avoid any attempt to value the company on anything as mundane as current business levels and profits. IMO, fools will rush into the stock again in great numbers when the Christmas buying season is hot.

Arguments about $20 per share will have to wait until growth slows down to double digits, IMO.



To: Cap_Loss_Cfwd who wrote (64604)6/25/1999 1:48:00 PM
From: H James Morris  Respond to of 164684
 
>>Exactly. Can someone explain one more time why AMZN is worth over $20 per share??<<
Cap, because the institutions used to love it.