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

To: Victor Lazlo who wrote (30642)	12/21/1998 12:01:00 AM
From: KeepItSimple	Read Replies (4) \| Respond to of 164684

Glenn, the barrage of articles you posted was interesting, but once again SGC disappointed me with their doubletalk. They spent 4 paragraphs pointing out various equity bubbles of the past, and how they all ended badly for the majority of investors, then in one sentence they finsihed by saying "We don't think the internet stocks will do the same." They said that with a straight face, and with nothing to back it up. They didn't even bother to mention that the internet stocks as a group have put even the most speculative biotech stocks of the 80's to shame with their mania runups. I do note however, that my post of two weeks ago describing that Amazon had given up on selling physical merchandise and would soon move to a model of e-middleman with other retailers has now been accepted by the analyst community as the truth. But once again, they neglect to mention that it was the utter failure of Amazon's original business model that forced Bezos to make this move. Bezos has proved spectacularly that Amazon could never make a dime in profit with business model #1, and now they want investors to take a leap of faith and hope (to the tune of 280 bucks per share) that biz model #2 will do better. Oh, I saw "You've got mail" tonight, and it sucked. :)