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

To: Eric Wells who wrote (79790)	10/6/1999 1:45:00 PM
From: H James Morris	Respond to of 164685

>>Our economy is being driven by a market that is heavily reliant on greater fools. Eventually the fools are going to get smart and start realizing that things such as profitability - or even forecasts on profitability - are important.<< Eric, have you ever heard the term "Don't fight the tape" or "It's not what I think It's what Wall Street does"? Do you think I'd be 3k long on Amzn if it was based on Fundamentals? Do you think I'd be speculating on these hot IPO's, because of a lack of earnings? The greater fool is the one that didn't get on board the gravy train, because of caution or values Your concerns about Amzn are very legitimate. But those concerns will probably not appear until 2nd Qtr 2000 results are out. Between now and then watch us amzn longs make $money. Ps I'll be out of Amzn soon in the year 2000. Then it will once again be a short sellers dream.

To: Eric Wells who wrote (79790)	10/6/1999 3:07:00 PM
From: Rob S.	Respond to of 164685

Welcome to the "Internet Stock Game". <So the key question that I and others on this thread have asked so many times is: when will Amazon be profitable? > That would be the question if the Internet stocks were being looked at rationally. But forget standard valuations until the huge initial growth rate starts to come down, IMO. The stock price depends on it staying popular and in the public's eye as more investors clamor onto the net much more than any rational analysis. <I agree that there is a good chance that Amazon probably will be profitable some day. But I would say that there is also a very good chance that Amazon's profitability will be limited - and will not come anywhere close to the optimistic forecasts that are currently holding up the stock.> On this I agree with you completely. Bezos and clan have done a great job moving out the goal post so they never have to show the real score on profitability. So far Wall Street has made hundreds of millions going along with this dream. With Christmas almost here, Amazon will remain a darling as the mantra gets repeated ad nauseum by brokers and analysts: "growth, growth, growth". Bezo will comply with cleverly crafted "warm fuzzy" programs like the one announced today. I have to admit that I like a lot of the creative stuff that Bezos and company are doing - if not the YUPI clone's love-fest stock valuation.