Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: Sam Citron who wrote (63105)	6/17/1999 3:05:00 PM
From: KeepItSimple	Read Replies (1) of 164684

>In the short-run it's all just psychology. In the long-run, however, intrinsic >value is paramount. That's the fundamental truth of trading internut stocks. Valuations eventually will matter- and they'll be trading at 90% lower prices. But for now, it seems the "lottery" mentality is back in force, and as such you should view these stocks as lottery tickets that people are willing to buy. After all, millions of people throw their money away in lotteries where their chances of winning are basically zero.. So it's an easy step of logic to assume that same psychology would be in force in the netstock arena- where the odds of success, at least in the recent past, are extremely high.

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