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Amazon (AMZN) about to hit its .com price

with 2 comments

If Amazon (AMZN) keeps going at its current rate its going to cross a significant milestone, namely topping out its 1999 .com boom price of 100 $USD and change.  This is from a low of 5.97 $USD in 2001. Is this just down to its fantastic success with S3 and EC2? Or are there other fundamentals at work?

Whats even more amazing is that Jeff Bezos has held onto the reins through this rollercoaster ride.

Written by Joe

October 24, 2007 at 8:48 am

Posted in Uncategorized

2 Responses

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  1. I was seriously thinking of buying AMZN when it was at $13 in early 2002 – am I sorry now!

    walter

    October 24, 2007 at 9:55 am

  2. Up 10% before close of market yesterday, down 10% after hours when investors realized the margins aren’t sustainable. There was tons of money to be made…

    Olivier

    October 24, 2007 at 2:43 pm


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