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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: John Chen who wrote (79506)10/4/1999 1:19:00 PM
From: Rob S.  Read Replies (1) of 164684
 
Relax. The bubble will get some air let out of it starting next year, IMO. The initial "early adopter" phase of the Internet is almost over and reality will increasingly set in by the middle of next year. However, between then and now ecommerce will rock and roll the investment markets. But the slowing of growth rates will become increasingly apparent as we get into next year.

I am not a "bear" on the Internet. But lavish valuations based on unrealistic profit expectations will discover that "virtual reality valuations" are eventually adjusted for real world results. A simplistic rule is to ride the nuts up this winter and sell them short by the spring.
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