SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Roger Smith who wrote (8720)7/3/1998 10:54:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Based on the report from Robertson Stevens, there are few things which are obvious.

1. The analyst is amazed by the rapid rise in the stock price and believes that they may
take a breather.

2. Long term he is very positive on AMZN, AOL and YHOO

3. Currently the only people buying are retail traders (either covering the shorts or
buying long)


Roger,

Thank you for the synopsis. Keith Bengamin has been hyping internet stocks for a long time without using numbers to back up his statements.

How in the world would he know what AMZN will be doing long term? They have only been in business short term and are deeply in debt. AOL and YHOO at least do make money. AOL more that YHOO and not YHOO this quarter. However, AOL and YHOO have specific business models and goals. AMZN is just another plain book and music store undercapitalized and lacking retail experience. My point is AMZN does not deserve to be rated with AOL and YHOO.

Glenn



To: Roger Smith who wrote (8720)7/4/1998 1:08:00 AM
From: Satellite Mike  Read Replies (1) | Respond to of 164684
 
I really doubt that the market cap could approach 7
Billion without institutional support (i.e. many
mutual funds bought this stock).