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

To: John May who wrote (10599)	7/17/1998 9:51:00 AM
From: Glenn D. Rudolph	Respond to of 164684

However, the market has obviously concluded that this is evidence of management capable of building a large, successful business. John, I cannot argue with the stock price. However, do these people really believe in this valuation. I do understand one can tear that statement apart since a stock is worth what one will pay for it. This stock more than doubled in one month> We will never know if people were buying simply on the momentum, a short squeeze, or felt the stock had long term prospects as these prices. How do we find out what was the motive to buy? Glenn