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


To: Glenn D. Rudolph who wrote (32114)1/1/1999 7:16:00 PM
From: OtherChap  Read Replies (3) | Respond to of 164684
 
*snip*
that is not an accusation just speculation based on the date of appearance of KIS and disappearance of OC.
*snip*

Disappearance? I thought I posted a few days ago to try and tell you people i'm still around. As I stated then, I am fully long Amazon. I, unlike some other people, have learned to never underestimate the complete stupidity of the average investor. And those stupid investors have shown no sign of learning what a market cap means, or what P/E means, or any other legitimate benchmark in the investment world. On monday they're going to see Amazon stock at 100 bucks a share, and also see ebay at 200+ and yahoo at 200+, and they are going to swarm in like flies for NO OTHER REASON. All the search engines used to trade point-for-point, irregardless of the number of outstanding shares. The average investor doesnt even have a clue what outstanding shares means, or what a "float" means. They're going to move it back up to 250 within 3 or 4 days of the split.

At that point, I will sell and get out of the market. The chances of Amazon doubling within the next 6 days are almost 100%.

The only thing that matters in this market is that there is always someone out there who is more stupid than you can imagine, and they want to get on the bandwagon. I intend to take every penny of their money that I can!