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

To: Sarmad Y. Hermiz who wrote (60806)	6/5/1999 8:01:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

> Pretty soon we'll be hearing about motherhood and apple pie. The biggest nail in the giant lie is: "we dont want to stop losing money by expanding until we've achieved our targeted market penetration levels." The problem is, Bezos and Covey have directly refused to answer the question "What are those levels?" They once had 99% of TOTAL online book sales. You'd think that would be close enough to a "target level" for them to kick in their promised profit machine, eh? Remember, at that time they were spending NOTHING on drugstore.com, etoys.com, pets.com, videos, music, whateverelse.com. They were focused solely on books. Well, they never did manage to turn a profit when they literally dominated that segment. Didn't even come close. Maybe they were waiting for 99.9999999999 percent marketshare? Get a clue folks. Bezos hedged his entire position two weeks ago, even HE doesnt believe his company will ever turn a profit. Think AMZN is going to be over 200 bucks a share by the year 2000? Someone just made a 7 billion dollar bet that it wont. Who do you think is right? Anyone who rides this deflating ponzi scheme mania stock down to zero deserves it. Unless they are shorting to zero, in which case they deserve a pat on the back. :)