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

To: Gil Gilbertson who wrote (27820)	11/23/1998 1:32:00 PM
From: IceShark	Read Replies (2) \| Respond to of 164684

I find it hard to believe this is still a short squeeze. Not after 75 points in a week. Got to be momentum surge of buyers and "reluctant" sellers.

To: Gil Gilbertson who wrote (27820)	11/23/1998 1:36:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

The recent Seattle Times article pointed out what the valuation is compared to several well known NW companies: "Opposite Amazon.com, begin with the value of Nordstrom. Add in International Yogurt, Gardenburger, Hollywood Entertainment, BlowOut Entertainment, Eagle Hardware & Garden, Shurgard Storage Centers, Cutter & Buck, Cavanaughs Hospitality, Cost-U-Less, Garden Botanika and Seattle FilmWorks, just to name a few. Oh, yeah, better add in Pyramid Breweries and Redhook Ale Brewery. Somebody may need a brew before this is all over. Once all those are added together, you'll still be well over $1 billion shy of Amazon's market worth." Of course today you can add in the value of a few more companies or another $1 billion. The company has become valued in no relationship with reality - very similar to Beany Babies except with a real-world company instead of a toy. I agree that this is the mother of all short squeezes compounded by "irrational exuberance" that has little grounding in reality. No reasonable person can believe that Amazon is now worth this much. If Amazon.com were to perform perfectly and competition would remain a minor issue, the stock price could not be sustained at these levels. However, anyone who thinks that Amazon will plunge down to some fundamentally supported level is even more off base than I have been in thinking it would never see this level.