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Amazon.com Inc. Message Board

  • mone_y mone_y Jan 26, 2000 9:07 PM Flag

    you won't believe this

    Just look at MP3.com quarter report, revenue up 20 FOLD from previous year, up 277% from last quarter, just check mppp

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You are right. I'm having trouble believing what
      you say. 277% is not "twenty fold." This is the sort
      of mistake that gets people into stocks such as
      Amazon.com to begin with. They have some sort of hunch that
      they got their book order on time, and, so they figure
      this is a great company. But, you know, they end up
      misplacing the decimal point somewhere, and buy the dang
      thing for $65 per share, when if they go back and
      re-check their figures, they would realize that, in fact,
      the stock is only worth $6.50, or $.65, or maybe
      $.065 per share, or something.

      Thanks for your
      insight.

 
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