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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: Robert Rose who wrote (66441)	7/6/1999 10:20:00 AM
From: KeepItSimple	Read Replies (2) of 164684

Just a quick question- is there a single bull/trader on here who actually believes any of the companies they are buying/selling are worth ANYWHERE near the prices they are paying for them? Or has everyone just resigned to the fact that the nasdaq has literally gone insane, that daytraders control the valuations of companies on a second by second basis, and that hype and momentum are the only things that matter? I suspect anyone who is successfull in today's market knows how ridiculous it has become. I wonder why there hasn't been a single public analyst who admits this is how they operate? Or that price targets are just crude attempts to manipulate stocks? Or that a brokerage uses its public buy/sell recommendations to move positions that they or their clients already have? Anyway, just bought some AOL calls, a truckload of eeln, and some yhoo calls. Heading down to the coast for 2 days.

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