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

To: umbro who wrote (9857)7/10/1998 10:00:00 AM
From: DancesWithFedCalls  Read Replies (3) | Respond to of 164684
 
NPR is currently running a very negative story on AMZN.

The basic gist:

The business is growing but the profits are crumbling.
That it is ridiculous that AMZN is valued at twice that of BKS or BGP.
That they are only selling commodities!
That investors are foolishly throwing money at the stock.

And Amazon.com is one of NPR's commercial contributors!

-dances



To: umbro who wrote (9857)7/10/1998 10:06:00 AM
From: Tenpole  Respond to of 164684
 
the day by day drops are
getting just a little too predictable

They are but, even though we have seen a 30% drop in a matter of days, there is still no wild selling. Some of the froth has come off the top, yes. But true panic has still to be reached. A lot of money came in above 100. If that level breaks and those longs are taken to a loss, then you can expect the selling to intensify, IMO.

T


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