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Amazon.com, Inc. Message Board

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  • booyababy2 booyababy2 Nov 16, 2008 7:06 PM Flag

    Buy and Hold is Back for AMZN

    Well I never said Amazon is Salesforce.com. What I meant to infer is that Amazon is trying to be inovative like Salesforce.com. The problem with Salesforce is its too focused on a narrow segment of the software market and is, as you say, being challenged by a much bigger competitor in Oracle.

    Amazon is planning on going where nobody has yet gone. Its new computing inititive (cloud computing) is much broader than what Salesforce does. Its the next step in software evolution and if it takes hold, could mean huge profits for Amazon.

    You again mention its bad to hold anything that sells stuff. As I said previously, you have look beyond the sterotype Amazon business model to see the future of this company. Its going to be much more than selling stuff to consumers. As I prefer to buy low and sell high, I am buying at these levels rather than trying to pick an absolute bottom. If I new where the absolute bottom was for any stock I'd be too rich to sit around a post on this board.

 
AMZN
698.96-23.12(-3.20%)Jun 24 4:00 PMEDT