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

To: zax who wrote (12894)	8/8/1998 6:31:00 PM
From: Andeveron	Read Replies (1) \| Respond to of 164687

>> Their buying power only reflects the temporarily absurd valuation of their stock. << In your thinking, the directors of Junglee and Planet were absurd for selling themselves for Amazon stock? Regardless of the "absurd valuation", AMZN stock was good enough currency to buy these companies whose valuations may be absurd as well. In an absurd marketplace, you use absurd currency. The market at this juncture thinks that AMZN stock is good enough currency to be worth $116 a share. Nothing the shorts and bears spout will affect market sentiment. >> Perhaps you should get a little "social responsibility" into your investment practices. It really helps one sleep better at night. << What is your line to the shorts in Amazon land? Are they practicing social responsibility when they short this stock and lose their equity, their margin, perhaps their home? Preaching social responsibility for trading practices is pretentious and ridiculous. The goal in entering the stock market is to make money. Traders try to make it by balancing fear and greed. I suppose you, alone, seek loftier goals when you trade and invest. Retire the soapbox and return to reality.