Options Jerry,
kind of OT,
in response to your bullish opinion on the likes of EBAY and AMZN, I just want to offer some wild ideas. Let us use AMZN as an example, have you ever consider that the concept AMZN is pursuing, as great losses for the indefinite future, is already obsolete?
Yes, it may be a more efficient way of delivery than brick and mortar. However, look around the corner, someone somewhere is probably figuring out a way where every author can deliver their books directly to the reader, without ever going through print, possibly publisher and definitely no clumsy AMAZON.COM.
Furthermore, a delivery system cannot be worth more than the industry itself. AMZN has already exceeded the book industry by 3 folds. The fact that you can buy a book via the internet is not going to increase readership. Pricline already exceeded the valuation of UAL and Delta.
Yes, the internet revolution would probably be greater than the industrial revolution. Consumers would benefit greatly. The internuts will continue to go up, as long as J6P buys with no consideration for common sense. The investment strategy is simple, just make sure you don't win the greatest fool contest and be the last one holding the bag.
Just my 2 cents.
Ramsey |
