Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Crossy who wrote (200)	12/25/1998 1:44:00 PM
From: Don Pueblo	Read Replies (1) of 3543

funnel ideas to short sellers OK, here is the deal. The stocks in the contest appear to be overvalued. Like, significantly overvalued. AMZN's book value is in the neighborhood of 4 bucks, I think. The market cap of the company is higher than the total amount of retail sales of all books in the United States last year. Amazon has figured out a way to cut their overhead by selling over the Internet instead of in bookstores, and they still can't make money, and have made zero since the deal went public. Meantime the stock is selling for over 300 clams and is set to split 3 for 1. And it split once already this year. This is not Quantum Physics, dude. This is simple math. 4 minus 2 is not equal to 300. Not even friggin' close, dude. These deals are going to fall. Complaints should be directed to anyone who feels compelled to hold the prices up so as to siphon some dough out of the market prior to The Big Move Down. Get my drift? BAWK!

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