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


To: put2rich who wrote (10751)7/17/1998 9:57:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
It looks like there will be some technical resistance as it moves up but, then AMZN didn't have that much time to build up a lot of investors who wished they had gotten out at the previous high. This is a crazy stock driven by yet immature ideas about where the company is headed and the dynamics and objectives of the internet.

I have spent a great deal of time studying the technologies, market dynamics and socio-economics of the internet and think that most people are way off in their expectations and impacts on individual companies. I think the internet will have a tremendous impact on society. Absolutely tremendous - the likes of which the human race has never seen. But I don't think that will result in just a few companies who sit astride the heap. That is old-think that is born out of our suckling on the tit of the broadcast media.