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


To: Gary Korn who wrote (2749)4/3/1998 11:05:00 AM
From: Don Westermeyer  Respond to of 164684
 
This all seems rather like a Ponzi scheme to me. Longs and short squeezes drive up the price.

Actually I think there is real interest in the stock by Joe Public, who for the moment has no fear of anything in the market. All he sees now is prices that keep going up.

I imagine if you ask Joe 'Invest $100 now and we'll earn a total of $10 in 10 years' the investment money wouldn't come so easily.

Amazon will still run out of money before they turn a profit.

Of course those pretty AMZN stock certificates bring quite a price lately.