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


To: Glenn D. Rudolph who wrote (27181)11/19/1998 11:26:00 PM
From: Randy Ellingson  Read Replies (1) | Respond to of 164684
 
When this ballon goes, it will be a hurricane.

AMZN is no balloon. It's a creature of the jungle taking just taking it's first few breaths, bigger and bigger as it begins to walk and then stampede. It's getting stronger with every sale and every split.

No doubt the timing and the 3:1 (vs. 2:1) were interesting. I also have no doubt that the company's stock price is looked at as another strength to the management. Don't they wield a little more power with their stock at $150 than at, say, $100?

Randy



To: Glenn D. Rudolph who wrote (27181)11/19/1998 11:52:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
Glenn IMO most if not all of the fund mgrs who hold this stock will be selling some soon to lock in the gains before the end of the year. There is no way imo that the funds will buy much more, or hold all of what they have, through the end of Dec. It is simply too volatile.

If the co were making a decent profit, and if the co had some tangible net value, that would be different, I think.

Victor