PDA

View Full Version : Amazon Down 13 Pct on Slow Growth Fears



mobilebadboy
07-24-2004, 06:31 AM
SEATTLE (Reuters) - Shares of Amazon.com Inc. fell 13 percent on Friday on concerns that growth at the Web's largest retailer was slowing and that customer discounts were hurting profits.

http://story.news.yahoo.com/news?tmpl=story2&u=/nm/20040723/bs_nm/tech_amazon_stocks_dc

And more from Amazon....

Amazon Gets Relief in Toys 'R' Us Dispute

PATERSON, N.J. - Amazon.com got some relief Friday in its dispute with Toys "R" Us when a state judge eased a restraining order that the online retailer said would prevent the September launch of a service that would open its Web site to untold numbers of sellers.

http://story.news.yahoo.com/news?tmpl=story&cid=509&ncid=749&e=10&u=/ap/20040723/ap_on_bi_ge/toys__r__us_amazon

Chris
07-24-2004, 10:11 AM
This whole week was horrible for net stocks. My portfolio lost about 10k.

incka
07-24-2004, 03:02 PM
Yeah but your websites gained 7k. Invest in your websites, not in stocks... (Stockbrokers get heart attacks alot).

Chris
07-24-2004, 03:03 PM
My websites aren't liquid. If I needed to I could liquidate my entire stock portfolio and have that money sitting in my checking account in 3 days. I can't do that with my websites.

intelliot
07-24-2004, 04:33 PM
Ring me up, I might buy your websites in less than 3 days;)

incka
07-24-2004, 04:36 PM
Yeah, I would buy online-literature and savvy shopping in a flash if you offered them for less than $25,000.

Chris
07-24-2004, 06:27 PM
Of course I wouldn't sell for so little.

intelliot
07-24-2004, 06:31 PM
but even if you did -- I wonder how the 'investment' would compare to stocks.

incka
07-25-2004, 05:18 AM
I think investing in buying Chris' sites is a safe bet...

How are the stocks on Boeing going?