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

AMZN 232.18

+1.6%

3:39 PM EST

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To: Bill Harmond who wrote (113780)	12/31/2000 11:45:12 PM
From: GST	Read Replies (2) of 164684

"I think it's safe to invest in the leaders. I don't see how you could get killed over the intermediate term now. Yahoo is a screaming bargain" Lets see you analysis Einstein. Yahoo's pe far exceeds their forward growth rate -- what is your basis for believing they can hold there own in a downturn? What is an appropriate pe for yahoo? 20? 40? 60? 80? 100? "If ever there was a group ripe for the January effect it's tech." Do bear markets have a "January effect"? "There aren't enough growth investments outside technology to satisfy inflows." Inflows? What inflows? Please quanitify this unfounded statement. The trend is to outflows. What basis do you have for saying there will be inflows? "Tech has to participate again because that's where most growth is." Prove it.

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