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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
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To: KeepItSimple who wrote (51471)4/19/1999 5:29:00 PM
From: Randy Ellingson   of 164684
 
KIS-

Sorry, when a bubble collapses, there is nobody left to buy the shares. (The definition of the end of a pyramid scheme)

And this *is* the bubble popping, right? Everyone who's long Amazon since the bubble began (when was that, exactly?) will be in the red soon enough by your account.

Stocks of companies with excellent businesses and excellent future business prospects go up and go down. Now take a long hard look at leaders of technology industries over the past five, ten, and fifteen years. Look at MSFT. Look at AOL. Look at INTC. Look at CSCO. Start thinking now. Now look at YHOO and AMZN and any other companies you've heard have booming business and are working every day to build next year's increase in market share. It's a bubble filled with 0's and 1's. Of course the stocks are valued highly. What, do you think Yahoo is really only worth $10B? Or less?

The good thing for everyone is that the question of valuation is answered every day in the stock market. Yahoo's worth $33B, and AMZN is worth $26B. How about a year from now? I'd say $75B-$100B for Yahoo, and $60B for Amazon.com. And yes, they'll still be "overvalued" in the eyes of many.

Randy (yes, I own both and will hold...and hold...)
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