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

To: Kevin Podsiadlik who wrote (130980)9/6/2001 4:18:38 PM
From: stockman_scott  Read Replies (1) | Respond to of 164684
 
Who's buying AMZN on a day like this?

This company is so over-valued its not even funny...Janus and Legg Mason have lost a fortune on this stock. I can't believe they still own much of this stock -- then again, I could be wrong. Amazon HAS NEVER made money (as in having a NET INCOME)....P/Es matter in this new environment....How can Amazon differentiate itself? Does it have a sustainable business model or the management team to really execute?

I currently hold no position in this stock...It would have been quite a short over the last 12 months though (not quite as lucrative as ARBA though).

Best Regards,

Scott



To: Kevin Podsiadlik who wrote (130980)9/6/2001 7:57:11 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Side note: Kearney's famous stock basket, once up 100%, just busted through the down 30% mark. That's down 65% in 3 1/2 months. And he had the mortgage money running on that. Ouch!!


I am not sure there was truly mortgage money there in that it was a matter of speech. The fact remains it has to hurt no matter what.

Today's action surprised me. I don't know why. Not even sure what I expected. I just thought there would be a floor somewhare.


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