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

To: Glenn D. Rudolph who wrote (8312)	7/1/1998 6:27:00 PM
From: epicure	Respond to of 164684

Last time I looked this company sold books and CD's right? Not the cure for cancer, not even an impotence pill. Anyone can sell books and CD's. I'll grant you AMZN was first, but they don't have a patent on the reasons for their success (with a price book of 229 ttm, I'd have to say that at the VERY least they are a successful ponzi scheme). Now the way I see it this company is even worse than IOM, because at least IOM had some original technology. So even though I have no idea when this particular bubble will burst I respect the intelligence of both the longs and the shorts; the shorts, because you are seeing reality (which could not be with us today), and the longs for seeing profit in irrationality.