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

To: getgo234 who wrote (33777)	1/9/1999 9:50:00 AM
From: Bo Le	Read Replies (1) \| Respond to of 164684

> AMZN at $ 185/share times the number of shares outstanding ( plus the additional 10 million pre-split shares which will become outstanding shares when employees exercise their options) has a market cap equal to the market cap of K Mart, Sears and JC Penny combined. Quite extraordinary. < But that is going to change pretty soon. Think about those who got into AMZN yesterday at $190 range (most people who brought AMZN yesterday paid that price. Don't forget the volumes. That's 30 million shares), they are down $30 points. No matter how much money they made before, by human nature, they consider they are losing $30 points now. This weekend is not fun for them. They may still live in hope based on their past experiences, i.e., AMZN will turn around and reach new high very soon, but they are start to fear now. AMZN is like a plane in the sky about to run out of fuel. If we knew what happened for planes run out of fuel before (As recently as a week ago, a Iraq fighter jet run out of fuel and crashed), we know what is going to happen to AMZN. Bo Le

To: getgo234 who wrote (33777)	1/9/1999 12:27:00 PM
From: John Donahoe	Read Replies (1) \| Respond to of 164684

RE: ....has a market cap equal to the market cap of K Mart, Sears and JC Penny combined. Quite extraordinary. Yes, It's a big number. But I wouldn't make short term trading decisions based on it. How high is too high? No one knows. One should be careful of big numbers. Sometimes they seem big at the time. Years later they become the norm. Legend has it Bill Gates once said "who would ever need more that 64K RAM". The Dodgers just signed a pitcher for $16 million per year. A big number no one could have predicted 30 years ago. Babe Ruth signed a contract for $100K back in the 20's. It was mind boggling at the time.