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

To: Bill Harmond who wrote (24080)	11/1/1998 5:51:00 PM
From: Glenn D. Rudolph	Respond to of 164684

When it comes to Internet stocks, no analyst gets it right. They can't get a handle on this kind of growth and player shakeout any better than the companies can! They can't rely on customer surveys like they can with enterprise software or hardware companies, so they rely on industry projections from Jupiter or such, and Jupiter has missed the growth by a mile. William, I hate to make this post but I agree with you:-) There are differing opinions among analysts, financial media, company Execs, etc. as to what the future will bring. I suspect everyone's opinion has a bias based on their situation to some extent. However, the opinions for this stock and other internet stocks are far too diverse to assume a conspiracy. There is everything from bankruptcy at some point to a huge success down the road. Valuation projections vary tremendously with a lot of comments that surprises are possible to the up and down side. Every report I have read has a price target with strong caveats. Even revenue projections vary by more that 20% in the short term. This translates into speculation which is what the internets stocks are at present. They all have a very high beta. They have the possibility of huge gains or huge losses. It is not unusual to see 10 point swings in a day with no news. I assume a lot is supply versus demand and perception at the time. None of us have to play this game. There are a lot of stocks out there with lower betas, longer track records and less risk. They also have do not have the potential for as much gain. It would be less stressful for me to invest in firms that are not as volitile. However, I enjoy this at times, too. I personally cannot see a good future for AMZN but there are many that do. The bulls do not have a conspiracy for AMZN to go up as the bears do not have one for it to go down. Glenn