Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Glenn D. Rudolph who wrote (89792)	1/5/2000 8:35:00 AM
From: GST	Read Replies (1) of 164684

What we have is three 1/4 point moves down and at least three more to go. Three steps and a stumble. Don't fight the FEd. Yes Virginia, there is a bubble. What we have is stocks that can go down 90% and still be 'fairly valued' because they are pigs in a poke. What we have is a market factoring risk into prices where no risks were built into the price structure. What we have is companies trading at p/e multiples three times their 'growth rate' -- like GE. But remember, GE is actually growing at something like 5% and making up the difference off its investments, meaning GE is trading at 8x their real growth rate. What we have is a bear market.

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