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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 249.14+0.3%Nov 11 3:59 PM EST
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To: Bill Harmond who wrote (100286)4/13/2000 12:30:00 AM
From: GST  Read Replies (2) of 164684
 
William <everything good is expensive. Santa Monica and Palo Alto real estate is expensive> Real estate is a good example of how valuations move to excess. Hawaiians are experts on this -- ask anybody who has watched their skyhigh property values drop 10 percent per year, year after year, and still there is more room on the downside. Real estate is positional -- net stocks WERE positional -- but no more.
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