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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: BRANDYBGOOD who wrote (6354)	3/12/2001 7:00:24 AM
From: puborectalis	Read Replies (1) \| Respond to of 6445

Amazon to Small Investors: Beware of Web LONDON (Reuters) - The founder and chief executive of the Internet's No. 1 retailer, Amazon.com Inc (NasdaqNM:AMZN - news), has told small investors not to put their money into Web stocks, the BBC reported on Monday. ``We are not a stock you can sleep well with at night,'' Jeff Bezos was quoted as saying by the BBC ahead of his appearance on the network's Money Program on Wednesday. ``We think over time we'll build a very valuable company,'' he said. ``But for a short-term investor, or for a small investor, I would not invest in Internet stocks.'' Amazon has lost around 80 percent of its value over the past year amid concerns that the on-line book and music retailer will never turn a profit. Shares in the firm fell back from earlier gains last week after cold water was poured on reports that Bezos had met the chief executive of U.S. retailer Wal-Mart to discuss a potential tie-up. On Sunday, the firm dismissed charges that it was suffering ''a credibility crisis'' after questions about the reliability of management comments were raised by a group of U.S. security analysts.