Amazon.com, Inc. (AMZN) Message Board

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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: H James Morris who wrote (69935)	7/27/1999 3:03:00 AM
From: KeepItSimple	Read Replies (1) of 164684

Every internut stock except Intel, Cisco and Microsoft is overvalued by at least 95 percent. When the day of reckoning for this financial mania comes, a lot of people who frequent these boards wont even be able to afford a phone line. These stocks have been so high for so long, ordinarily rational people like William think these prices are perfectly reasonable. They actually cannot comprehend that this entire period in financial history has been one giant scam, organized by VCs, investment bankers, and gullible newbie online investors. P.S. A week ago the NYSE said it was planning to go public in order to better serve the public, and update its equipment to make the trading process easier for investors. Yesterday the IRS said that they were going to tax initial NYSE seed investors based on the difference in price between the IPO and their initial investment. An IPO would still help the NYSE better serve the public, and update their equipment, but it wouldnt make the insiders rich. The chairman of the NYSE said on CNBC that they won't do the deal if they have to pay taxes. What a crock of ****.

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