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

To: Lizzie Tudor who wrote (69821)	7/26/1999 9:04:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 164685

"Well since you know the company what would you expect the downside to be here? I'll bet theres an ebay short squeeze at some point too since everybody, I mean everybody is shorting ebay here. The people that aren't shorting ebay are raising cash pre-October. The 2 most obvious market moves and thats why I don't want to be too arrogant in calling the result." Michelle, I actually am not making a stock price prediction at all. It does seem that everyone expects a poor patch for the net stocks now and then huge upside in the late fall. All I am pointing out is that for a company that 1 quarter ago had 70% sequential growth to now have 12% is really awful. I am sure that they will reaccelerate growth, but how much justifies the stock price? If we went out on a limb and said they will earn .30 this year, and they won't, the pe is still at 350, while growth is looking like it is slowing to 150% If they can pop some ridiculous number like a .20 4th quarter, then the story is intact and buying now will be very smart. I don't see it today.