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

To: trouthead who wrote (6063)	6/16/1998 12:34:00 AM
From: Mike M	Read Replies (1) \| Respond to of 164684

<< if money is spent on etailing it will not be spent at the actual store. >> What you say may be true, but is a big so what and does little to justify the market cap for AMZN....In my office in a little town in Indiana a fellow set up an internet guitar sales business...on a shoe string.... AMZN is not operating in a vacuum....nor are the barriers so great that a myriad of others cannot enter the same line of work....it just isn't that complicated.... People buy for any number of reasons....Price, convenience, urgency, etc. Some internet buying has simply been for the novelty of it....No retail business will satisfy every buyer....certainly not AMZN...... I doubt I will ever buy a book from AMZN or if I do, that I would do it again....When I buy a book I have always wanted it right then and, usually, require some help picking it out....AMZN does not satisfy urgency, special service or enjoy a price advantage. The thing is, AMZN is not that special, not really! It is simply a commodity a fad with a small float and a lot of squeezed bears....The company may be around for a long time....The premium on this stock will go away! Not short, but wouldn't dream of being long!...not even if I were convinced that it could go 10 or 15 dollars higher.... Mike