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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.83

+1.0%

Nov 21 9:30 AM EST

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To: Ricky Rydell who wrote (1386)	1/23/1999 1:31:00 AM
From: Doug Fowler	Read Replies (1) of 7772

Ricky, I never short, unless it against a stock I already own to postpone taxes. These Internets are the most overvalued stocks I've ever seen: EBAY, AMZN, YHOO. (AMZN is the worst of them all.) However, there is no logic to the buying. Barnes and Noble announces that it is buying the largest book distributor, threatening availability for companies like Amazon. Logically, Amazon stock would have declined, but over te next few weeks and months, it went up by more than 5 times. So, if the nuts will make it trade at 10 times what it is worth, what is to stop them from making it trade at 30 times what it is worth? Nothing. AudioHighway had $87,000 in sales in its first nine months of this year. It went public with a stock market cap of $50M. What a piece of garbage. I have seen too many smart people get creamed by shorting the likes of Amazon. And it makes no sense. This company is losing money like there is no tomorrow, and it works on extremely thin margins. Hardly what I would call a good business model. But nobody seems to care.

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