Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Jan Crawley who wrote (10318)	7/14/1998 1:20:00 PM
From: professor	Read Replies (1) \| Respond to of 164684

When will people learn from history? Amazon is no different than the fallen angels like Sunbeam and Cendant. The same people promomting those names are now playing Amazon with no regards to fundamentals. Once again, someone will be left holding the bag just like Sunbeam and Cendant. It will happen here because there are no realistic fundamental projections that will support this kind of price. According to some study 80% of the buyers of stocks are new and within the last 2 years. This tells me that there is tremendous inexperience amongst investors in the marketplace. Another perfect parallel with AMZN is Home Shopping Network about 10 years ago. Home Shopping was touted as the next new medium that will replace Walmart and Kmart. Well, that didn't quite happen. HSN stock price declined over time and has NEVER met its expectation. The Amazon story is no different.