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


To: Imran who wrote (33422)1/8/1999 10:05:00 AM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
Amazon's market cap just crossed 30 billion.

It's now around the 28th largest company in the US. And it has never earned a dime.

Bezos will be telling this story to his grandchildren, you can trust me on that. There has never been a bigger pyramid scheme in history. The south sea bubble was nothing. The tulip craze was nothing.

Amazon has won the all-time title.



To: Imran who wrote (33422)1/8/1999 10:07:00 AM
From: wiz  Respond to of 164684
 
Imran

Not a bad day for the bulls!-g- Up 100 points pre split, on a stock losing money. What a country!-g-

Mark



To: Imran who wrote (33422)1/8/1999 10:10:00 AM
From: re3  Read Replies (1) | Respond to of 164684
 
You know, Imran, I think you are right, he will shrug his shoulders, what could he do anyway...He already used the irrational exuberance song once, does he do a sequel ?

The dot com crowd can say this is a revolution goin' on and amazon is the great software/retailer of that revolution.

I remember Laszlo Birinyi a respected WSW panelist saying, people want big caps, you tell them not to buy them. People can vacation cheaper locally, you tell them not to go to Disney land...

Its probably best for AG to let this alone to play its course...even though I blown several hundred on OTM puts, at least I never shorted and I can be a spectator to the unfolding of this as KIS puts it, the greatest mania in history...

Good luck...

Howard