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To: michael john stout who wrote (5785)7/28/1999 10:33:00 AM
From: Dave Gore  Read Replies (1) | Respond to of 6545
 
WINR shareholder meeting going on NOW! Just an FYI.

Just spoke to Kevin at Columbia. Videotape transcripts may be available. Will be interesting to see if buying comes in as a result of it.



To: michael john stout who wrote (5785)7/28/1999 10:49:00 AM
From: InOverMyHead  Read Replies (2) | Respond to of 6545
 
Explain to me how a piece of crap company like AMZN with no hope of future profitability can be trading for over 1000 times a company with earnings.

Now you are just flailing about irrationally with your statements. You actually believe that there is no chance for AMZN to make a profit?

I too believe that there is an irrational expectation that AMZN will be making mega profits sometime in the future, but that doesn't negate the fact that the demand for that stock is high which justifies the price of the stock.

Efficiency in a market is based of supply and demand. When supply is low and demand is high, prices go up. When supply is high and demand is low, prices drop. AMZN is a good model for the first example and we are a good model for the second example.

It doesn't matter who is right or wrong. It also doesn't matter who is profitable and who isn't. What does matter is that shareholders are making a killing in AMZN where we, on the other hand, are being killed.

IOMH

Remember: Greed and Fear