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

AMZN 244.41

+0.6%

Nov 7 9:30 AM EST

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To: Bill Harmond who wrote (32091)	1/1/1999 6:52:00 PM
From: Gary Walker	Read Replies (2) of 164684

AMZN and the Florida land speculation of the 20's... >but this may turn out not to be a mania, How about calling it a frothy feeding frenzy? >Not even the railroads or the automobile.. As you say in California....WHATEVER! The argument is semantics. Fad, mania, frenzy, trend, speculative fever, phenomenon? Take your choice. Many of us invested in the internet trends when we bought CSCO, INTC, MSFT, and NSCP (some of us). Today it is a fever pitch not consistent with reason. You called it spam, hamburger, etc. You prove our point with your response. It's a mania. Internuts! This doesn't mean that the internet is a fad as some suggested a few years ago. The environment is more like the Florida land speculation of the 1920's. Everybody knew Florida was a great place to retire. The frenzy drove prices to extremes and then thew crash. History is repeating. It's common sense, William. The Biotechs were going to end all medical pain and suffering or so said the most positive Biotech analysts. The $400 price target guy for Genentech was who? OK now that you're convinced of the righteousness of the bear argument here's the other side: stocksite.com "Manifest destiny in cyberspace" gw

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