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


To: Olu Emuleomo who wrote (54467)5/1/1999 10:54:00 AM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
Olu,

>> I *still* think we will reach that $234 bond conversion price within a month!

What factors, other than wishing, could move it that high ?

Forecast of increasing rev ? The crowd did not applaud.
Reduced losses ? Not on the horizon.
Auctions ? not a significant factor at this time. Anyhow their revenue is minute under the best circumstances, even for the leader eBay.
New business ? Drugs, pets, groceries ? yawn...
Broker upgrades ? Is there any broker left to upgrade ?
price momentum ? With many new shares in the float ?

What catalyst is there for the upside ? A split ? But you really have to be convinced that investors are utter morons for that to work.