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

AMZN 232.49

+0.2%

3:59 PM EST

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To: ChrisJP who wrote (119424)	3/6/2001 3:53:52 PM
From: Skeeter Bug	Read Replies (1) of 164684

>>lol, looks to me like they've doubled their money in 5 years -- 7 years sooner than if they put their money in a bank. The story is even better if you use 1991 as the starting point.<< chris, garbage in, garbage out. the whole concept listed above is a total fallacy. why? because 10 times more shares were purchased near the top. you assume linearity when it doesn't exist. the avg price of a retail tech share is most probably down over the 5 years you said they "doubled" their money. v-o-l-u-m-e, my friend, volume. let me give you an idea of how different volume was in the bubble than in the 1991 time frame. intl, msft, ibm, csco and a couple other stocks rose more than the ENTIRE VALUE of the top ten tech stocks in 1991 - IN A SINGLE DAY! i think that was late 1999 - i was FLOORED people were acting so dumb. please, rescind the error you posted above lest the ignorant think it is of some value. MANY, MANY more people shares were purchased near the top than in 1990 or 1991 or 1992 COMBINED! not only that, many more shares were made available through the IPO process... maybe you have heard of it ;-)

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