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

To: Alomex who wrote (7265)	6/23/1998 11:37:00 PM
From: slipnsip	Respond to of 164684

My recommendation for AMZN is "do not touch", neither long nor short. It has enough growth potential that it could be worth $5 billion some day. It has enough competition ahead that it might not be worth more than $600 million. 5 Billion is only less than 20 points away. Target 110 600 million is roughly target of 15.. Which way do you want to bet based on your own analysis?

To: Alomex who wrote (7265)	6/24/1998 12:08:00 AM
From: Mark Myword	Read Replies (1) \| Respond to of 164684

>> Ah, if that's what you want, look at the 10-Q, subtract 80% of advertising costs from the balance sheet and you got a profitable company. Since most other bookstores advertise little, I think one can safely presume that once Amazon.com has established itself as a place where books are cheap (if not the cheapest) and delivery is fast (as well as dirt cheap) there would be no further need for large advertising.<< Alomex - I don't mean to be insulting , but in reading what you post, I get the impression you know even less about business in general than you do about accounting in particular. If you can't see that this stock is so grossly overvalued based on their business prospects, that it has surpassed being ludicrous, and is now in the "bizarre" category, then I don't know what to tell you. Good luck with your long.