Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.27

-0.6%

Dec 11 3:59 PM EST

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To: James Thai who wrote (71504)	8/3/1999 1:21:00 PM
From: Tom D	Read Replies (3) of 164684

Internet stock valuations are disconnected from fundamentals. It is too early to call a bottom, IMHO. What is to stop all these stocks from being at 50% of their current levels in a month or two? Their valuations are disconnected from fundamentals, so the "new and revised" valuations could be reset at far lower levels. At $90 per share, AMZN is at $540 per share presplit. There is still room for more decline. As Rob S so eloquently phrased it, <<First we need a REAL sell-off - the kind that wrenches investors guts and cleans out the over-valuation mentality.>> Tom D

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