Party Like its 1999, Amazon.com Shares Back Over $100 (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) shares hit a new 52-week high after hours , up 14% at $107.04. Amazon shares haven't been this high since 1999, its time to party.

Just wait until all the analysts process this latest earnings call, the $100 level for Amazon shares is here to stay. Amazon's earnings rocketed almost 70% in Q3 2009, Q3 sales went up 28% and the best news of all - a strong holiday forecast. Amazon is predicting Q4 2009 revenues of $8.13 billion to $9.13 billion, vs. the consensus estimates of $8.13 billion.

Founder and CEO Jeff Bezos said, "Kindle has become the #1 bestselling item by both unit sales and dollars - not just in our electronics store but across all product categories on Amazon.com. It's also the most wished for and the most gifted. We are grateful for and energized by this customer response. Earlier this week we began shipping the latest generation Kindle. Its 3G wireless works in the U.S. and 100 countries, and we've just lowered its price to $259."

Congrats to all the longs, Amazon.com shares haven't been above $100 since 1999. On that note, this is for Bezos and the gang: