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

To: Don Westermeyer who wrote (1520)	2/11/1998 11:14:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 164684

Looks like "momentum " is the word of the day...Valuation is now above 1.5 billion, but that is neither here nor there when momentum rules the day....so close to the high, I have to imagine they will go for it at the close......if they don't make it maybe the tide will turn, but right now valuation means nothing, as is evidenced by the price action. Painful indeed, hope your pockets are deep....I think the AOL frenzy is boosting AMZN and it may be a few more days before the euphoria wears off....ouch........;^)

To: Don Westermeyer who wrote (1520)	2/11/1998 11:25:00 AM
From: Tom D	Read Replies (2) \| Respond to of 164684

P/E of 130 without advertising expenses... But what would it be if revenues double annually for a few years. Maybe the current losses are just an entry barrier for potential competitors. It seems the market values the company as if it is going to dominate on-line bookselling and steal market share away from land-based competitors. Then the current stock price becomes a result of whether or not people agree with that venture capitalist, John Doerr, who thinks AMZN already won the battle for on-line bookselling market share. Best Regards, Tom D