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

To: Charlie J who wrote (6068)6/15/1998 2:14:00 PM
From: William T. Katz  Read Replies (1) | Respond to of 164684
 
I'm a short and I don't think Amazon will implode. But my reasoning is quite simple: why pay more than $1 billion more for Amazon than a mega-retailer like Barnes and Noble, especially when B&N will make $1.5 billion more revenue than Amazon even with optimistic '98 projections? At these prices, Amazon had *better* have higher revenue and higher margins than the current B&N by year 2002. And the current stock price corresponds to Amazon in year 2000+. That's an awful lot to pay for some uncertainty.

At any rate, I've put in a stop market order cover at 55 9/16 so I either get 1/2 from my short if AMZN still has strength, or I follow AMZN lower.



To: Charlie J who wrote (6068)6/15/1998 3:21:00 PM
From: H James Morris  Respond to of 164684
 
Chuckie, you wrote< First, it is too early to tell and second, if anyone has done a good job of establishing the brand and bringing traffic to its web site, it's Amazon. >
Your right, but in the old day's, Investors would not buy into any stock with a $3bil market cap, while it was too early.
I guess Chuckie it's just a Yuppie thing?


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