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


To: Peter Church who wrote (14817)8/27/1998 3:15:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Believe it or not, I am even taking $75 profit!!
It's terrible. Under no circumstance, I will open the third 100 "short box" !!



To: Peter Church who wrote (14817)8/27/1998 3:41:00 PM
From: hankiba  Respond to of 164684
 
AMZN stock below $100

This will happen because valuation is becoming relevant again. The value of AMZN is 12x forward revenues. This company is selling at a 7.5 billion market cap. You could buy Barnes & Noble, Borders, and the entire Shenzhen and Shanghai markets for this price. Pretty expensive for a me-too stock. By month end this will be at $80 or less.

Hank



To: Peter Church who wrote (14817)8/27/1998 3:41:00 PM
From: Jan Crawley  Respond to of 164684
 
Droping to 121 again; I know that I will leave my boxes open!