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

To: Randy Ellingson who wrote (34512)	1/12/1999 5:07:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

Yes, and back in the 80's people paid 500 dollars for a Cabbage Patch doll, and caused riots in stores where they were available. I saw one in the Toys R' Us last week for 14 dollars. What is your point? > That's funny, since today AMZN was bought and sold many times by many people for >more than $160.

To: Randy Ellingson who wrote (34512)	1/12/1999 5:32:00 PM
From: GST	Respond to of 164684

Randy -- You can say its a 10 dollar stock for the same reason you can say its a 400 dollar stock. Extremes are called extremes because they don't last long. In Japan, at the height of their real estate bubble, people were fond of saying that the land under the imperial palace in Tokyo was 'worth' more than all of the real estate (all of it) in the entire state of California. Based on this deep insight, people took multi-generation mortgages to buy property. Now, ten years later with real estate down 80 percent in Tokyo, families still owe money that their children will end up paying off for the rest of their lives. The reason for calling it a ten dollar stock is to remind yourself not to buy it just cause you see it cross the tape at 'only' 160.

To: Randy Ellingson who wrote (34512)	1/12/1999 6:08:00 PM
From: JC Reddy	Read Replies (1) \| Respond to of 164684

Frankly I think $10 is a little too much already. :-)

To: Randy Ellingson who wrote (34512)	1/13/1999 12:07:00 AM
From: Mark Myword	Read Replies (2) \| Respond to of 164684

>>That's funny, since today AMZN was bought and sold many times by many people for more than $160. Seems as though most people haven't read your post about it only being worth $10...<<< No, Randy, the really funny part is that all the morons buying this ridiculous stock actually think they are going to make money by doing so. They don't seem to realize they are involved in a gigantic gambling event in which most of them will lose a ton of money, perhaps everything they have. Amazon remains a ludicrously overvalued stock that has completely disconnected from the reality that it is a money-losing electronic ordertaker, which will eventually trade on its true earnings, if there ever are any, and that will be in the low single digits once all the splits are over with. This is a gambling mania, pure and simple, masquerading as a legitimate investment with the help of the self-interested crooks who run the casino....wake up, sell your AMZN if you have any, and get the hell out before it's too late. Ciao.