Feeds

Bookstore takes a pop at Amazon’s share price

Aims to burst over-inflated Web stock bubble

  • alert
  • submit to reddit

High performance access to file storage

Investors who think they know a thing or two about playing the stock market are being given the chance to speculate about Amazon.com's future performance without being exposed to an ounce of risk. Specialist online financial book retailer Global Investor Bookshop, wants people to predict what the share price of Amazon.com will be on 30 April 1999 as part of its 1999 Hot-Air Challenge. First prize is a balloon flight with a champagne breakfast, plus $1,000 worth of investment tools. One hundred runners-up will receive a copy of Extraordinary Popular Delusions and the Madness of Crowds, by Charles Mackay, and a bright red panic button for their computer keyboard. "Extraordinary Popular Delusions is the definitive work on money manias written in 1841," said Philip Jenks, director of Global Investor Bookshop. "It narrates popular obsessions from Tulipomania to the South Sea Bubble, and provides invaluable lessons for investors bewildered by the current detachment of Internet stock prices from conventional investment valuations." The panic button comes with a peel-off sticky back and is completely functionless but, said Jenks, it's there for investors if they get caught out when the inevitable correction in net stock prices happens. With his tongue firmly wedged in his cheek Jenks said: "Of course this is just a gentle dig at a competitor but the prizes are very real, and we hope that our clients have fun playing the game." Last year Amazon's losses topped an impressive $124 million while its share price has climbed from $13 a year ago to a peak of $199 in January 1999 before falling back to below $90. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.