Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jach who wrote (29897)	12/15/1998 1:30:00 AM
From: jach	Read Replies (3) \| Respond to of 164684

JC PENNY about the same mkt cap as AMZN. Look at the differences in revenue and earnings. Why would one pay 220$ for a business that is losing tons of money. imo. quote.yahoo.com

To: jach who wrote (29897)	12/15/1998 1:37:00 AM
From: jach	Read Replies (1) \| Respond to of 164684

ASIA IS DOWN AGAIN, mkt will continue to go down at open. AMZN based on very generous 17c earnings for the year 2000 and based on outrageous PE of 50 will give target price of 17cx50 = $8.50. AMZN will be at about 10$ in year 2000. It seems that everyone is thinking that will dump their AMZN at some profit during the next three to siz months; like after the split, or right before earnings release and so on. Very likely very very few will be holding on till 2000, may be nil. The scenario that will happen is that when almost all the AMZN stocks are sold out from the brokerage and insiders (they are gradually dumping their shares), and one morning AMZN will be down 100$ or so because of a bad downgrade. After that it will follow the typical penny stock syndrome. All imo.