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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 219.12+0.9%11:55 AM EST

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To: re3 who wrote (109713)10/6/2000 2:06:46 PM
From: Alomex  Read Replies (4) of 164684
 
my long term target for nas is very generous at 600.

I'm as bearish as they come, but this is just nonsense.

NASDAQ was last at 600 in Oct 92. Just to account for inflation NASDAQ has to be at 1000 or so. Surely eight years of technology-driven economic expansion would add at the very least another 300-400 points...

IMHO NASDAQ can (and likely will) cough back one or two years of gains, which would place it back somewhere in the range of 1400-2900.
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