Amazon stock price falls off a cliff today

[ElCheapo]

Down 9 bucks. I was going to save my GCs and use them later... but now I'm think I shld use then sooner!! Also eBay's is falling, in sympathy!!

[ang379]

I don't know if I would be too worried yet - Amazon hasn't shown a profit yet but they've continued to "grow" in terms of site features, products, etc.

I didn't pay much attention (was halfway asleep actually) but on CNN last night I heard that tech-related stocks have experienced across the board depreciations in stock value this week.

It's happened numerous times over the last year - but each time investors buy up the cheaper stock and drive the price back up. Then when another wave of "etailers are doomed" reports flood the media, those same people will dump the same stocks they just bought, and a new crop of investors will snatch them up, thus repeating the cycle.

Plus Amazon has just invested a lot of $$ in these same new areas of their site (home, tools & hardware) and anytime a company puts out $$ to improve, their stock will suffer until they recoup some of their cost. It's just like when two companies merge (or one buys another) the company buying out the stock of the other - their stock price falls temporarily, and the company being bought - their stock soars.

But $9, wow, that's pretty steep of a drop!

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[autumnbounty]

I hope they do recover! Amazon gcs are like currency on the Web -- they're offered all the time in exchange for surveys, trial offers, viewing demo, etc., and many rewards programs offer them. I'd hate to see the offers start to dwindle! At least until I get save up enough gcs my TV and my sister gets her VCR from Amazon.

[freehuman]

I spend the GC's that I get as soon as possible. During the Xma$ season I worked for them and they tried to hire me. That is one crazy place. If they make it too much longer it would be a surprise. I expect them to cutback if the next holiday season is like the last. Their earnings are -2.25 a share and falling.