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Thread: Amazon Down 13 Pct on Slow Growth Fears

  1. 07-24-2004, 05:31 AM #1
    mobilebadboy
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    Amazon Down 13 Pct on Slow Growth Fears

    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?tmp...azon_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?tmp...__r__us_amazon
    Shawn Kerr .com
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  2. 07-24-2004, 09:11 AM #2
    Chris
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    This whole week was horrible for net stocks. My portfolio lost about 10k.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
    Content Sites: ABCDFGHIJKLMNOP|Forums: ABCD EF|Ecommerce: Swords Knives
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  3. 07-24-2004, 02:02 PM #3
    incka
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    Yeah but your websites gained 7k. Invest in your websites, not in stocks... (Stockbrokers get heart attacks alot).
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  4. 07-24-2004, 02:03 PM #4
    Chris
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    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.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
    Content Sites: ABCDFGHIJKLMNOP|Forums: ABCD EF|Ecommerce: Swords Knives
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  5. 07-24-2004, 03:33 PM #5
    intelliot
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    Ring me up, I might buy your websites in less than 3 days
    Elliot Lee
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  6. 07-24-2004, 03:36 PM #6
    incka
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    Yeah, I would buy online-literature and savvy shopping in a flash if you offered them for less than $25,000.
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  7. 07-24-2004, 05:27 PM #7
    Chris
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    Of course I wouldn't sell for so little.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
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  8. 07-24-2004, 05:31 PM #8
    intelliot
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    but even if you did -- I wonder how the 'investment' would compare to stocks.
    Elliot Lee
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  9. 07-25-2004, 04:18 AM #9
    incka
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    I think investing in buying Chris' sites is a safe bet...

    How are the stocks on Boeing going?
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