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

To: MR. PANAMA (I am a PLAYER) who wrote (8859)	7/5/1998 2:28:00 AM
From: Dwight E. Karlsen	Respond to of 164684

Bateman, why do you "laugh" so much, as in the hahahahahahahah stuff. If you said something funny, I guess I missed it. This isn't the playground at elementary school recess. I for one am the controller of company that does $40M in annual sales. Perhaps it is kind of funny to see a company like Amazon, a lowly online bookseller, selling at such ridiculous valuations, and having increased so fast. But we know that the fundamentals haven't improved in the last month, so clearly there is simply momentum money at work here. As we all know, all momentum stocks eventually fizzle and move into obscurity. Amazon may turn out to have more staying power than some, but the investing highway is littered with more experienced names who have also had gut-wrenching declines: Try Ascend and 3Com for a couple, and these still do have businesses directly tied to the internet. There will be a day of reckoning for Amazon. Regarding a stock split: Great, I say. That will bring the shares outstanding to very close to 100 million shares, which will be much harder to manipulate. And if Amazon is at $135-$140 when it next splits, the stock will be at $65-70. So IMO there won't be anymore one-month runs from $70 to $140, not with 100 mllion shares. Besides, even the most frothy-mouthed fund manager is going to think twice about valuing an internet bookseller at approx. $12 billion dollars.