Amazon.com, Inc. (AMZN) Message Board

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

AMZN 216.19

-0.4%

10:37 AM EST

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To: Glenn D. Rudolph who wrote (110523)	10/15/2000 4:55:36 PM
From: Eric Wells	Read Replies (3) of 164684

"Manic Momentum?" Huh??? Yes - "Manic Momentum" were the words I wrote - and they were the words I chose to use. While many on this thread can say only wonderful things about Ariba, I believe the company's stock price is priced for perfection at the moment - and I believe it is momentum investing that has driven the price up to 121, giving the company a price/sales of 131. You may disagree. I can see no fundamental, risk-considered, rational justification for ARBA's current price. So I attribute it to "manic momentum" investing - similar to what we've seen with AMZN, PCLN, CMGI, ICGE, INSP, MSTR, etc. in the past. Thanks, -Eric

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