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

AMZN 247.35

-0.7%

10:07 AM EST

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To: Bill Harmond who wrote (102662)	5/2/2000 11:53:00 PM
From: GST	Read Replies (2) of 164684

William: Thank you for sharing your views and for your good-natured humor. A company like CRA does indeed have something valuable to trade on -- the question is at what price? $256 -- the high for the year? $86 -- their current price? Perhaps $25? In my mind, the case for $25 is far stronger than the case for $256. That is my point. At $86 they are trading at 100 times sales -- far out of line with their prospects IMO. At $25, they trade at 33 times sales -- a very, very rich premium, but perhaps within reason if you want to speculate. As for gold, I think you are deeply mistaken by your comparison. It is always going to be about supply and demand William, whether we are talking gold, biotech or net stocks -- and right now there is a glut of stock coming into the market while gold is going through an extraordinary bottoming process. There is a fortune to be made in gold stocks now -- not in net stocks. Times change. Good luck.

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