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

To: Eggolas Moria who wrote (105590)	6/27/2000 10:40:00 PM
From: schrodingers_cat	Respond to of 164684

>The real problem in my opinion is that AMZN is transitioning from a revenue growth model to an eventual (if successful) cash flow model. During that process, it is quite often the case that revenue growth lags previous estimates. The momentum investors run and the valuation oriented ones wait. It is usually a painful process to watch the ownership of a stock change in these circumstances. The thing is that AMZN hasn't been a momentum stock for a year or so...it is often referred to as "dead money", which I would think is the ultimate insult from a MO-trader. I can't see much reason for MO-investors to still be holding it. The only reason I can see for still holding is if people (mistakenly) believe that AMZN has a great long term future and that it will turn out like AOL, CSCO or MSFT if only they "invest for the long term". After all people once said that AOL and MSFT were overvalued, right? The deceleration of revenue growth and the implosion of the rest of the sector may finally have convinced some AMZN longs that they are wrong...hence the sell-off. JMO