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

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: Lizzie Tudor who wrote (151524)	1/16/2003 2:30:10 PM
From: Alomex	Read Replies (3) of 164684

I agree that we have seen a minibull market since July. The problem is, Lizzie, that it is equally unsubstantiated as the previous bubble-bull market. Have a look at the P/Es and P/Ss of Amazon and Yahoo to see what I'm talking about... Even under very optimistic assumptions of growth it is hard to justify prices for Amazon and Yahoo at half their current price....

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