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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?


To: jach who wrote (439)12/5/1998 7:06:00 PM
From: jach  Respond to of 1196
 
Message 6701472



To: jach who wrote (439)12/5/1998 7:08:00 PM
From: jach  Respond to of 1196
 
Message 6701236



To: jach who wrote (439)12/5/1998 9:17:00 PM
From: Patrick Shen  Read Replies (1) | Respond to of 1196
 
I agree that AMZN is over-valued. AMZN is an Internet company and the market values Internet company differently. AMZN is also the market leader in online book-selling business and the market always prices the leader at premium.

What I don't understand is the doubling of AMZN's stock price last month. Yes, AMZN has 300% growth rate, but that's already figured in in its stock price. I'll short AMZN when the time comes.