Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.41

+2.6%

10:15 AM EST

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To: Eric Wells who wrote (110099)	10/10/2000 4:20:18 PM
From: Skeeter Bug	Read Replies (1) of 164684

eric, imho, the method used by many folks to make money in the internet stock craze is bankrupt and equivalent to vegas style gambling. the psychology is similar. very few people beat vegas long term and very few will beat the market from mean to mean. right now we are way above mean valuations so many "new economy gurus" KNOW how to make money forever. there is no new economy apart from huge increases in money supply, credit and statistical manipulation. when this finally settles in, as reality eventually does, most folks will lose more money than made. even those in early. arba is an incredible risk and gamblers are hoping it gets hyped like their favs of the past that treated them so well. it might. it might not. it might not matter. it has a long way down to fair value assuming minimal risk. let the "true believers" in their "new economy investing" religion ride it all the way down. it WILL get there. just like i knew amzn would when it was $30 on the way up over $100. now amzn has squashed many investment dollars, net, net, and it is still up about tenfold in 4-5 years.

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