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

To: Jeff Olson who wrote (3233)	4/21/1998 10:48:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Yeah Skeeter, it's different this time. New paradigm - haven't you heard? Who are we to question the market's judgement? Just look at KTEL - everyone just knows that a niche music purveyor shouldn't go from $7 to $49 in mere days just because they got a domain name. But it did. The market knows, man. It's up a lot, so it must be a great company, right? AMZN's the same - we can't even pretend to know its true value. Only the market knows. Get yourself a ticket and jump on the paradigm express. Bob;-)

To: Jeff Olson who wrote (3233)	4/22/1998 1:06:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

>>Skeeter, it's not the earnings that matter but rather the perception of what will happen in the future.<< that perception is so obviously wrong that only greater fools believe it. it is merely an after the fact justification of greater fooldom. the same was true for iom at $56. asnd at $80. ntsc at $180. gems at $53. this story is old. potential? to lose more money, yeah. the only guarantee that amzn gives you is that you paid too much. cmpexpress guarantees 5% off the total cost. and you know what? it is an easy 5% to save. if mcdonalds started selling mail order burgers you'd probably pay 15 times revs. this is a no margin business.