Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oeconomicus who wrote (143146)	6/18/2002 10:43:31 PM
From: GST	of 164684

"Are you actually suggesting that fundamentals matter for real businesses and the US Dollar, but not for this one commodity?" You were not here (amzn thread) during the manic peak of the bubble. My position then was the same then as it is now -- that as unbelievable as it might sound, tech investors would end up completely abandoning tech stocks and would instead buy gold stocks because they were the same class of asset -- a class of asset that has nothing to do with "fundamentals" in the sense implied by your note. I do not defend gold for one second as an meaningful investment -- neither were tech stocks for several years. Tech stocks have not yet declined to where fundamentals dictate, and a few slow learners are dying to jump on a tech bull market that is likely not coming. The smart tech investors saw tech stocks for what they were and dumped them when they stopped going up. Eventually they will dump gold stocks -- but don't bet on that happening any time soon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next