Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: H James Morris who wrote (56125)	5/9/1999 11:15:00 AM
From: Paul Hackett	Read Replies (1) \| Respond to of 164684

H. James, I think where Amazon is trading right now it is just that - a gamble, not an investment. When it had a 400 mil market cap, people said it was an unknown commodity and was overvalued. When it matched and quickly surpassed Barnes and Noble and Borders at 2 bil. cap they said "how can you compare an Internet company with these brick & mortar giants?, short it". When it reached over 30 bil. cap. it became accepted as a legitimate company worthy of that valuation. Now it's back at 20+ bil. We are in unchartered territory, nobody has ever seen stocks fluctuating at billions of dollars a day until very recently. That instability alone makes it hard to justify the current valuation, even given AMZN's great growth success. Either the other second-tier e-commerce retailers are way under-valued or AMZN is way over-valued. What other conclusions can be drawn?