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

AMZN 235.07

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To: Glenn D. Rudolph who wrote (120668)	3/17/2001 2:32:00 AM
From: GST	Read Replies (1) of 164684

Glenn: Imagine that you bought yahoo at $250 and listed it as an "asset" on your company books. Despite the fact that yhoo trades in the low teens, lets say you showed it on your books at cost -- $250 -- and never sold it in the hope that it would one day go back up tenfold and make you whole. This is Japan, ten years after their bubble burst. The lesson for us is to realize that our "yahoos" are not going back up. We must accept what happened for what it was -- it was a bubble and there is no going back. To deny it is to recreate the "Japan syndrome". The genius of the US is to flush the crap out of the system. Painful as it is, that is what we are doing. There is no "looking across the valley". It was a bubble. Flush twice and move on. That is also what Japan must do, but they are so, so slow to flush it down the toilet -- they won't admit they were wrong.

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