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

AMZN 222.69

+0.1%

Nov 19 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (50339)	4/14/1999 8:40:00 PM
From: Greater Fool	Read Replies (1) of 164684

How about absurd valuations reaching the height of absurdity ? But how absurd? By pure fundamental valuations, I think Yahoo was overvalued at about a $billion. When it goes to $40B, what's stopping it from going to $100B? $200B? $Infinity? Nothing except the available wealth. That's the only limit. As long as people believe in the "internet magic" as HG put it, the price can rise essentially forever. The price will go down when people stop believing or ... when the price starts going down. The prices will come down with dilution. To counterbalance that, there are an awful lot of pagans out there yet to be converted to the internet religion. And Yahoo and Amazon will be their first picks, as first points of contact and as relatively safe havens in the turmoil of internet stocks.

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