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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST

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To: Glenn D. Rudolph who wrote (130302)8/19/2001 11:18:50 PM
From: schrodingers_cat  Read Replies (1) of 164684
 
>...Meeker really believed in the Internet...

I think the only thing Meeker really believed in was advancing her own career...she saw that people were looking for gurus who would tell them what they wanted to hear...so she cashed in and told them all the sweet little lies they wanted to believe...

The internet is gonna make you all rich...
its all for real...
its a new economy man!...
forget profits, just follow the eyeballs...
quit your job and buy a dot com and in six months you'll be buying your own island...
just like the tow truck driver did...

Now Meeker and her ilk deserve everything that's coming their way, but don't forget that she gave people what they wanted : an excuse to listen to their greed and jump into the mania. And don't forget that anybody that was dumb enough to follow the advice of people like her has no business trading common stocks.

It's not like anybody paid her for good advice. I don't know why people expect the analysts to give them good advice. They just work for the folks who pay them, and that ain't the small investor.

It's a free country, which means that people are free to do dumb things with their money...but the price of that freedom is that they don't get a refund when they lose their money...otherwise someone will have to take their freedom away.
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