Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.30

-1.0%

Jan 30 9:30 AM EST

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To: H James Morris who wrote (22797)	10/23/1998 7:43:00 PM
From: fedhead	Read Replies (2) of 164685

Give me a break. These stocks (YHOO, AMZN, INKT, AOL) have the potential to increase revenues exponentially the next few years. No one knows what the fair value for these stocks are. The reason they are bieng bid up is because no one wants to miss the next Microsoft. Sure they will correct big time if the promises on which these valuations are based fail to materialize. (Look what happened to Netscape or Ascend) Till that happens one has to own these stocks albeit understanding the risks. If High PEs kept you out of a stock you would miss the Ciscos, the Microfts as the great stocks have always been expensive. Anindo

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