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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: KeepItSimple who wrote (41313)2/20/1999 1:49:00 AM
From: sea_biscuit  Read Replies (2) of 164684
 
Well, are you saying that valuations such as PSR, P/E ratios are not important? Or are you saying that Amazon is having higher sales merely because they are, in effect, giving away $1 bills for 95 cents each?

I would say that AMZN sports a very high PSR, and what's more, even those sales are happening because of the "$1 bills for 95 cents" phenomenon. That makes AMZN a double bubble.

YHOO insiders have sold over a half-billion dollars worth of stocks in just the last 10 days. When the YHOO bubble bursts, it will take AMZN, EBAY and the rest of the internet darlings down the tubes with it.
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