SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (35259)1/17/1999 11:15:00 PM
From: KeepItSimple  Read Replies (3) | Respond to of 164684
 
Why is it that literally the only justification Amazon longs can come up with for Amazon's insane valuation is a pathetic referral to Microsoft, Cisco, or Dell??

Do you freaking idiots not realize that those companies were PROFITABLE long before they ever went public? Do you base your comparison solely on any respectable tech stock you can find that has a high price?

You know, in the penny stock fraud arena, every single scam company is touted as "the next microsoft"..

Amazon is a mania, and Amazon is a unprofitable bookseller that was never intended to make any money other than for the insiders. I have at least a shred of aspect for the longs that are trading this knowing it is a pyramid scheme, but people that try and justify AMZNs market cap by comparing it to companies that actually make money give me the urge to puke.

>People said Dell and Csco and many techs were "manias."



To: dennis michael patterson who wrote (35259)1/17/1999 11:23:00 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 164684
 
dennis, paying 10-100 time fair value for something, on the premise a greater fool will pay more, is pompous to me. especially when there are many under valued stocks out there. sure, you cut the risk down by sitting in front of a monitor and monitoring every second of your "investment."

however, putting money in amzn and not watching it isn't pompous, it is freaking nutso.