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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%12:59 PM EST

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To: Henry Niman who wrote (54449)5/1/1999 12:03:00 PM
From: tonyt  Read Replies (1) of 164684
 
>Monday's Barron's which has AMZN as the most over valued stock

Barrons: A word of warning: Just because 75
managers consider Amazon.com the
market's most overpriced stock, and a
further 48 feel the same way about
America Online, that does not
necessarily mean the shares of either
company will deflate any time soon.
Without question, the Big Money
managers have proven themselves adept
at highlighting overvalued stocks in the
past, including, Presstek, Boston
Chicken, Coca-Cola and Gillette. That
said, shorting the stocks our panelists
deem overvalued has never been a path
to instant riches. It often takes a while
for reality to catch up with the hype in such cases. (See the "Report Card".)
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