Thread: Amazon (AMZN) jumps from $40 to $62
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Old 04-28-2007, 01:46 PM
Jeff W Jeff W is offline
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Join Date: May 2004
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Default Re: Amazon (AMZN) jumps from $40 to $62
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The basic problem to me is there are so many people high on Amazon and so many large funds holding it that it may not correct down until some really bad news comes out. I personally believe this is a huge over-valuation...

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Remember Keynes: "The market can stay irrational longer than you can stay solvent." [img]/images/graemlins/grin.gif[/img]

I agree that 106.1:1 P/E ratio is pretty sick...
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