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


To: Mike M who wrote (47397)3/25/1999 9:42:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
Mike,

>> "earnings"...never...

I don't know whether you are positive or negative on amzn. But the fact that the business is years away from profitablity is great for trading the stock.

With believers and detractors so sharply divided, the stock will have strong moves both up and down. You see the amount of self congratulating chatter on this thread today ? Well, two days ago, there was nothing but gloom and doom. Reason ? amzn was down below 120 and all the bulls were worried about their latest buys. But today they got a gift from the market, and everyone thinks he/she is a genius.

For me I much prefer that amzn rack up large losses, while keeping the dream of gargantuan profits. That way, we should get many round trips between 150 and 80, hopefully.