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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.41+1.6%Nov 10 3:59 PM EST
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To: Money Maker (MM) who wrote (68643)7/21/1999 8:51:00 PM
From: Jeff Dryer  Read Replies (3) of 164684
 
When I put the SI people picture on the home page techstocks.com back in early 1996 (it's a picture of people celebrating at a horse track), I didn't know how much of a game stock investing would become... the picture was actually chosen to encourage people to allow themselves to enjoy the stock market more :)... stock investing used to be a pretty serious game that only Wall Street professionals could play (and it didn't need to be that way), but maybe "stock investing is a game" has been taken to an extreme. P/E ratios, P/S ratios, actual number of users, future profit margin potential, competition, stock dilution, and on and on and on, don't matter anymore.

Now, it appears stock splits are the most important measure of value, and as we all know, stock splits are a non-event as far as company operations go.

Go figure.

:)
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