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

To: swimmygoof who wrote (112366)	12/4/2000 12:16:57 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

97% of the world is pessimistic on AMZN, and the short interest is in excess of 10% of all outstanding shares. This stock is poised for an upside explosion if the general market doesn't continue tanking. I would like to buy calls but I don't have enough confidence that the market won't continue to tank. Good point on the market conditions and the possible stock movement. AMZN is selling for 2x next year's revenue and growing 50% a year for the next 5 years. It should be at a 6x forward revenue multiple, and would be if it weren't for the current market conditions and constant media bashing. Amazon is no longer growing in any of its existing markets and product catagories. There is a major fundamental flaw with the firm. There may be something to the media bashing or is all the media totally "stupid?" Actually, the Amazon story is over. At one time, it was questionable and there was a lot of debate. It is no longer a question of its failure. The only question is how the failure will play out. You state as fact Amazon will grow revenue 50% a year for the next five years. This is not something written in stone nor are there any facts to back that statement up. Amazon is shrinking sales in their core book and music divisions in the US. See the problem Barnesand noble online is having. Note, the problem with BNBN is not due to Amazon taking market share from them. It is due to the simplae fact the novelty of buying books on-line has worn off and the variety of on-line offering of the best sellers has increase ten fold this year.