Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 217.15

-2.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Harmond who wrote (130865)	9/2/2001 5:06:18 PM
From: GST	Read Replies (1) of 164684

"Look at the A/D lines of the NYSE and NASDAQ" Why should I look at such an irrelevant thing as that? The tech sector went off a cliff when technology capital spending hit the wall. Auto, housing and consumer spending have held up remarkably well. That is not to deny weakness in manufacturing these past few years in some areas. But it has little bearing on what is going on now. The phenomenon you speak about is more the giant sucking sound of money going into tech and out of other "value oriented" investments as people lost all sight of any concept of valuation and came to see technology as detachable from reality. Unfortunately for owners of shares in tech companies, share prices and reality became re-attached as capital spending came to a screeching halt. We are not down to realistic levels yet in tech stocks. It looks unavoidable that we will reach them as this year grinds prices down further.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next