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April 25, 2007

Comments

Victor

Ha, you sounds like a dilettante day trader dealing with a trade that's gone bad.

Amazon is still absurdly valued. It's a bookstore for goodness sake!

King Troll

Yeah i remeber when you put that $400 target on it. I bought it at the top. I was 18 and had about $400,000 at the time from EMC, Cisco, DELL, and JNPR. Orignally made from drug profits. I pulled in Mcdonalds called up my broker at the time and bought a shitload of Amazon. By 2001 I had -$20,000.

Yeah Fuck you Henry. Those were the easy days. Now it's all hard work and playing with my $5000 portfolio.

For the record, I was out of the market, turned of CNBC, quit watching financial news from 2001 to about 2005. Then found this board last year. No im not mad at you bro. I learned from those days and easy money always leaves fast.

tab

Don't dog Amazaon before you see who is holding large positions in it.....there's some pretty smart money that has been long on Amazon post the dot com crash...

Raj

Amazon is no longer book company. It is retailer with online store. It needs to be valued as a retailer not as book store (border or b/n). Their model is becoming similar to eBay where they allow others to sell on their website and start taking in commission. In the books area they have very good sucess. In other area success is mix. they do not have same bandwidth as eBay in other areas. eBay is king of e retailers with thousands of mom and pop retailers selling via it online.

Raj

BTW, I still remeber $400 call. I am glad that money has been recovered. Think of Sun Micro Sys from 2000. It has never reached to that price of 2000. For past many years, it is range bound in 5 to 6 bucks.

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jimb12345

I do not know if amazon will make it in the future. There is definitely a lot of question marks with the business.
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