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

To: jawd who wrote (8929)	7/5/1998 9:11:00 PM
From: Robert Duncan	Read Replies (3) \| Respond to of 164684

This is my first post on SI after following this and other threads for some time. I have found this thread to be extremely interesting. I am in college and still learning about how the markets work (plus playing with a bit of money, $8,000 , I have saved up from my job) and I must say I am somewhat concerned that I am missing something. All of the short arguments seem to make a great deal of sense regarding AMZN. In addition to not even being a true portal, they are selling items that, seemingly, have very little profit potential. In other words, selling internet advertising for massive profit (at least based on cost to set up a site) or selling software products that have large profit margins may justify high valuations, but I can't understand for the life of me why selling books and CD's justifies this kind of valuation. I guess my question is, are people really buying this because they really believe AMZN will some day make massive profits or are they buying it simply because it is "going up" or because "PE doesn't matter with internet companies"? Also, I would be interested in knowing if any traders on this board have profited from playing the "irrational" side of trading, which logically would seem to fit AMZN. (What I mean is, rationally AMZN is overvalued but who is to say that people as a whole are rational?) Thanks in advance. I appreciate almost all posts on this thread, especially Greg who I have learned much from. I also appreciate the (generally) professional posts on this board - reading Yahoo posts are like reading comments from five year olds at times. Good luck to all.

To: jawd who wrote (8929)	7/6/1998 12:06:00 AM
From: J. C. Dithers	Read Replies (1) \| Respond to of 164684

O/T -- On Netscape's future ... <<<FWIW - Just be a little bit careful with NSCP - it has the stigma of being both a "has been" and a "wanna be". Its cult following hates Microsoft - it has a minority appeal, not mass appeal.>>> Respectfully beg to disagree. It is the minority that holds the knowledgeable opinion you describe; the majority (by far) hasn't a clue to what you are talking about. All the majority knows is that Netscape is the brand name that makes their net connection work; that it's as familiar a brand as AOL, Amazon, or Yahoo; and that's it's a hell of a lot cheaper. That's the masses who are going to push NSCP up to the big leagues in a hurry.

To: jawd who wrote (8929)	7/6/1998 3:36:00 AM
From: Mark Fowler	Read Replies (2) \| Respond to of 164684

Good show i like what i see here(Amzn) and there. 10bil. market cap is a given, see you at two hundred.

To: jawd who wrote (8929)	7/6/1998 4:25:00 AM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

I suspect it will not be in play for more than a couple of days. I don't see it being bought by a media company - not glamorous enough. But maybe bought by Sun - which would be a mistake (for Sun).<< Just my observation,I seems to me Barksdale made it clear that Nscp is not for sale. It'll be interesting what media deals come along, they are talking with serval media companies now. I think the company has found a new direction and investors are beginning to see maybe Nscp break away from being a software co. to an internet co., because of its brand name, leading browser, and the new Netcenter. It's interesting that Barksdale bought 300,000 shrs. of Nscp on 6-1-98. Caution would be prudent as you said for good reasons. However, i couldn't resist to buy a few shrs. since i'm a bit of a speculator.