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

To: Jan Crawley who wrote (27206)	11/19/1998 10:14:00 PM
From: Techie	Read Replies (2) \| Respond to of 164684

Jan I've been thinking about that too. Namely "what would the institutions with very low cost base do". (some have it from single digits). I personally look at my holdings each day and try to assess the appreciation (or depreciation) potential and make a decision. When it comes to your "thing", there is 2 elements: valuation & unusually high momentum. If they were to judge that all the possible positives for the next 5 years is already in the market cap and the market cap won't triple once again in 1999, they will have to judge the timing of the tide changing on the momentum front. Dell went through the same thing since earnings. The stock has lost momentum because nobody out there thinks Dell would double again in 1999 and surpass 150B in market cap. AMZN might be a great company, but the business model is a losers game and the stock has lots of future positives discounted. I'm not saying it would go up or down in the near term, but there will eventually be a ceiling.