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


To: Mike M who wrote (7693)6/26/1998 1:32:00 AM
From: NASDBULL  Respond to of 164684
 
Heard Asensio is on this one!!!!

I wish!!



To: Mike M who wrote (7693)6/26/1998 7:30:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 

I am sorry that you are suffering, although I do understand how it happened! There is
something very sinister about the movement of this stock....Never has there been this
kind of valuation on a stock, with no hope of earnings so far into the future.....


Mike,

This was initially a small position. The stock split and doubled+ thus making it grow to a large position in a very short time. I have never had such a vast movement occur so quickly. The rediculous move smells fishy but it happened regardless so now I deal with it.

Glenn



To: Mike M who wrote (7693)6/26/1998 7:50:00 AM
From: tonyt  Respond to of 164684
 
Re: Earnings.

A majority of the post state that AMZN is worth over $100 as they are '1st', 'the internet is doubling', etc, etc...

What troubles me is why isn't AMZN making money now? If YHOO can make $$, why can't AMZN? The answer will most likely be 'Advertising', but shouldn't they be making $$ by selling advertising?

Something to consider: If the net is so wonderful, why does Amazon throw away money advertising on TV and radio?