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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Winston Lee who wrote (62989)	6/16/1999 10:12:00 PM
From: GST	Read Replies (2) of 164684

Winston <if anybody thinks internet stocks have nutty valuations, you haven't seen anything like the Japan's Bubble Economy during the late 1980s - I heard that largely shell companies with loadful of debt could gain $1 billion market cap just by announcing intent to develop a project in Hawaii. Now, THAT is an insane valuation.> The similarities are striking. The nets are the virtual real estate that people just can't get enough of these days -- just like Hawaiian land or, at one time gold or other 'positional' goods (a good is positional if its supply is fixed). It won't stay this way because the supply of net stocks is booming, but my goal here is to make money and enjoy the free flow of ideas and information and I don't mind if I make money long or short.

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