Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Candle stick who wrote (2955)	4/10/1998 4:23:00 PM
From: Tom D	Read Replies (1) \| Respond to of 164684

<<<Why would you hold this stock? You've gotten everything you hoped for, what more could you possibly expect?>> I could possibly expect sales of, maybe, $2 billion in 2001. If future prospects look good then, I could possibly expect a price/sales ratio of about 5 or 10 (I know--its a lot lower ratio than now). Figuring 30 million shares then, I could possibly expect a share price of somewhere around $400 to $600 per share. It all depends on how big the internet becomes, and how much value and loyalty there is to the AMZN brand name. We'll get another glimpse of that on April 23rd. The stock is worth what people are willing to pay for it. I don't pretend to be certain that I am right about this. But this is my sincere expectation. Whats nice is that we can all place our bets. I'll tell you what, if the stock gets back to $47 and later $23 per share, you can remind me about this. If it hits $180 and later $360, I'll tell you I told you so. Best Regards, Tom D

To: Candle stick who wrote (2955)	4/10/1998 4:33:00 PM
From: DarrenS	Read Replies (1) \| Respond to of 164684

I understand everything you argue but you miss the point. Even people that get what you say are putting money into AMZN simply because the stock is going up, because there are enough people who dont get it to pass the losses onto.Look at what happened to yhoo. A lot of people only know the stock symbol, that yahoo is a bad ass stock, and that this stock is going up. Greed lets people think like that. In any case, lets face it: The stock market is a game. Those who know how to play make the money. Most stocks balloon upwards from time to time like bubble. Those in the know make money. Those who dont lose money. This happens on both the long and short side of the equation. This is going to be one hell of a earnings season. Dont forget it is not enough to be right about something. The majority of other people have to agree with you as well to make money from it. Let me put it another way. If you are outnumbered by a bunch of monkeys who buy AMZN then YOU WILL LOSE on the short side.

To: Candle stick who wrote (2955)	4/11/1998 5:51:00 PM
From: John P. Henrie	Read Replies (2) \| Respond to of 164684

Re: AMZN = $2.3 billion??? If I am not mistaken, Ron was in IOM. Ron Do you remember IOM? For a while there, IOM could do no wrong. People who bought early made a lot of money. They made a lot money, that is, if they sold at the right time. I remember the arguments. Most people who were long IOM scoffed at even the slightest notion of IOM's stock price falling. You should have seen some of the revenue projections. I see a lot of what happened with IOM then, happening here with AMZN. Right now, Internet Stocks are in and as long as the money keeps flowing their prices will rise. However, if the mood changes, it isn't going to be pleasant experience. My only advice is don't become too attached to a stock. Good Luck, John

To: Candle stick who wrote (2955)	4/12/1998 6:54:00 PM
From: Walter High	Read Replies (1) \| Respond to of 164684

Colleagues: Interesting posting using Graham to compare 1934 to 1998. I have not read Graham's work, but am well-aware that it is highly respected by many investors and is the basis of the trading policies of very well-respected traders today. That said, I would ask those who follow AMZN this question: assuming Graham were alive today and warning against such investing foolishness as we see in today's valuations, do you think he would recommend shorting these stocks in this market? If you are going to cite Graham as evidence for foolishly playing these stocks long, you really must ask yourself this question. Walter High