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


To: GST who wrote (34918)1/14/1999 4:46:00 PM
From: Steven W.  Respond to of 164684
 
I am talking about $300 post split. Some people on this board think that is where this stock is going. Internet junkies don't understand business 101.

A company needs to make profits. AMZN sells books. Low margin and
high competition. Borders, Barnes and Noble, and anyone else who wants to sell books. These companies also sell on the internet.

A lot of people still enjoy going to these places and having a cup of jo and even buy books there. Some like to buy online, but will shop.

Amazon is a great book reseller, but it ain't worth over a $100 a share. Insiders will sell, sell, sell.

Steve