Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.82

+0.9%

2:33 PM EST

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To: Victor Lazlo who wrote (25853)	11/13/1998 12:19:00 PM
From: H James Morris	Read Replies (1) of 164684

Victor<I believe the first financial default,> That's why this frenzy has been so good for the aggressive institutions, speculators and mo-mo investors. They will keep all eyes on America's dream team. Of the three, Amzn will be the first to come back to earth. Even Amzn can't disappoint until the 99 2nd qtr. Please remember what Fleckenstein said about these Internet stocks. He has not shorted them because they have no fundamentals, so they can't disappoint. Even the mothers of all mothers, AOL, can't! Aol's current trailing P/E is 213. Until the beginning of this year. Any publicly traded Co with a P/E < 30 was considered by the then Pro's, to be risky. What is scarey is that Wall Street keeps telling us that there's " Gold in them thar hills". That's why it reminds me of the Brex-mining disaster. Ps Did you know that none of those con-artists are in jail, and don't expect Jamie,Mary,Keith etc,etc to go to Jail either. They will pass go. Pick up their millions and move on. Probably back to Bio stocks or whatever is the next 'THING'.

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