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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (67982)	7/16/1999 2:47:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

The $64k question is when will it end badly, and how long will it stay that way? There is nothing fundamentally unsound with our economy or its internet transformation. This suggests that any near-term internet stock correction (ie, next 6 months) should be no worse than that experienced over the last 3 months. I am free to buy and sell every day. Between now and the next correction, I intend to make some good money, thank you very much.

To: KeepItSimple who wrote (67982)	7/16/1999 4:26:00 PM
From: Greater Fool	Read Replies (2) \| Respond to of 164684

>>When most of the market switches from a fundamental valuation method Sorry for poking my head out of lurkville, but I couldn't resist jumping in. A major fallacy with this (and many people's) thinking is the assumption that the situation is binary: fundamental vs. not fundamental. Those are two extremes; in fact, valuations always have some fundamental component (even our beloved Amazon does have revenues and a future) and some speculative component (even the most sound discounted cash flow analysis involves speculation about the future cash flows). So the valuations aren't sound from a purely fundamental basis? We all know that; get over it and let's discuss something else.