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

To: Lizzie Tudor who wrote (68562)	7/21/1999 3:54:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

Both Amazon and Yahoo came down to their 200-day at the panic low on June 14. Ebay had actually been much stronger than them. It makes sense that eBay would eventually reach the 200-day also. The outage was the bogus excuse. Look at Yahoo run...

To: Lizzie Tudor who wrote (68562)	7/21/1999 4:00:00 PM
From: 16yearcycle	Respond to of 164684

I didn't see that, but I'm not surprised. I am not maneuvering well personally through these gyrations, ie, my holds are having to make up for my poor speculations the last 60 days, but it all looks very bullish to me in the long run. Yhoo is selling, or was until this 9 dollar burst, at a peg of about 1.1. Gnet is about 1/2 of what it should be if we compare market caps to other companies. Ebay fell back to its 200 day ma and jumped. I would guess analyst revenue estimates will have to be raised dramatically tomorrow on amzn. What I have thought and said all this year was that the larger cap nets would end the year about where they started, while their businesses will have grown 300%. This will make up for the disconnection that occurred in 1998. The volatility will decrease in 2000, and the stocks will start to track revenue growth, AFTER having gotten to a reasonable pe or ps ratio. Yhoo is already there. We don't have enough history on ebay yet, imo. I think amzn is about there. Aol probably needs to come down to a pe of 125. I do think the institutions are looking for entry prices now to be ready for their anticipated winter surge in the nets.