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Old 07-30-2010, 12:52 PM   #11
abookreader
Wizard
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Posts: 1,516
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Join Date: Oct 2009
Device: Kindles - Keyboard, Fire, 2-US, iPhone, iPAD
really not all that different than what most of those experts said about Amazon in the 1990's when Bezos was running losses out the Wazoo building market dominance. Because as we were told, people will never want to buy books over the internet. They'll insist on going to a store and browsing. The internet will never replace bricks and mortar bookstores.

It wouldn't surprise me at all to see Amazon selling Kindles at a loss. It's a strategy that's worked for the company before. Jeff Bezos has a track record of thinking in 5 to 10 year time frames, while Wall Street these days can barely think past the next quarter.

As for the stock price, shoot I hope it does fall. I didn't get in on that $100 dip after the last quarterly release and I'd really like to buy some more Amazon stock.
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