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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 246.42-0.4%Jan 12 3:59 PM EST

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To: Bill Harmond who wrote (69058)7/22/1999 11:01:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 164684
 
>>My fear now is that the two month pullback from mid April to mid June was not just a
normal correction wringing out speculative excess, but rather the first in a series of
pullbacks in a larger bear market for the sector - one in which valuations contract in
order to eventually fall in line with other stocks, as measured by traditional metrics.

I share your fear. Let's see what happens going forward.


William,

When did you start thinking in this fashion about this sector? A traditional metric for AMZN would be a very small number.

Glenn
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