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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 225.00+2.0%12:57 PM EST
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To: Bill Harmond who wrote (81013)10/18/1999 2:41:00 AM
From: GST  Read Replies (2) of 164684
 
Bullroar he didn't say they are overvalued. He made it crystal clear that it is completely irresponsible to price stocks as if they are riskless -- which is what we have now -- all stocks, but especially the 'leaders'. Your margin reference is nonsense. This is meaningless. What he called for, and called for clearly, was for those who know better to stop going along with this circus of a stock market and to price them for what they all are -- inherently risky. And that is not even getting into the net stocks where risky does not quite capture their prospects -- potentially worthless comes to mind as a closer approximation.
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