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


To: Glenn D. Rudolph who wrote (47142)3/24/1999 8:30:00 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>>You are saying the e-commerce King is losing its status?<<
No! What i'm saying is the reality check that is due, is here.
I'm not a full blown bear but a lot of these stocks prices where getting out of control. Without any old fashioned fundamentals to back them up.
In the case of Amzn its revenue growth exceeded even Marys expectations. Reality in times of fear will be focused on profits and losses.
Don't think Amzn will collapse. Its stock will take a hit but Amzn will be around for a long, long time.
Why? How long can you last with $1bil of MS cash in your bank?
Especially if you didn't have to make any payments for 5 years.
How Bezos and MS got those terms still amazes me. They must have borrowed it from Paul Allen.
Ps
Amzn is a screaming short. I'll wait until it breaks into the low 90's.