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

To: H James Morris who wrote (72514)	8/7/1999 2:35:00 AM
From: KeepItSimple	Respond to of 164684

>Think about William! I think he's out too, or else he's an idiot!! Or broke. Some people just can't accept that this was a mania, and nothing more. These stocks are going to quickly approach their fundamental valuations. Even given a P/E of 50, AOL would be trading at 35, Yahoo would be trading in the 20's, and most every other internut stock should never have gone public in the first place. Once they drop into the single digits, I expect they'll be bought out by existing "real" companies to get the engineers. None of them have any book value whatsoever, except for cash in the bank.. In Amazon's case, that cash is simply debt. William, ask yourself this question: are you willing to ride these internuts down to a level of a P/E of 50? The game is over. You just haven't realized it yet. Perhaps another trip to vegas to attempt to win back some of your staggering losses?