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

To: James Thai who wrote (74409)	8/18/1999 11:08:00 AM
From: KeepItSimple	Respond to of 164684

>And it is option expiration week again. How many times do I have to tell you? If you want MAXIMUM LEVERAGE in a stock, and you want to manipulate the market, when do you do it? You do it a few days before options expiration, right after you pick up a bunch of cheap calls. I've doubled my net worth this morning. I'm ****ing bricks. I'm selling my calls and common right now, even I dont think this stupidity can last much longer. These net stocks are going up like they USED to, back when the float was 1/3 the size and a squeeze was going on. This is nuts.

To: James Thai who wrote (74409)	8/18/1999 11:15:00 AM
From: Bilow	Read Replies (1) \| Respond to of 164684

No safety Net All of this may be enough to give another euphoric puff to Internet-share prices. But it does not make those prices any less irrational. It remains true that nobody has a clear idea of how to value Internet companies?and that most analysts rely on shamelessly optimistic scenarios. For example, Mr Blodget reckons Amazon, with its $15 billion-or-so market capitalisation, is cheap because one day it will have a 30% share of what will be a $230 billion-a-year online-retailing market. Assume a 5% profit margin and a ratio of share price to earnings of 40, and the firm should have a market cap of $150 billion, he says. Trouble is, it is just as plausible to assume a 10% share of a $150 billion market (or worse), and a p/e ratio of 15. That would imply a market cap of only $11 billion. Reality check: in the first quarter of this year, Amazon?s actual revenues were $293m, and it made a $62m loss. economist.com -- Carl P.S. I'm having trouble posting as well. I changed who I posted to, then changed to no preview. After changing to no preview, it worked.