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

To: GST who wrote (72557)	8/8/1999 8:47:00 PM
From: dbblg	Read Replies (2) \| Respond to of 164684

>>What I find funny is the idea that some net stocks are 'strong' -- LOL. True if you are talking technicals, false if you are considering fundamentals. When the net stocks got hammered in 1996, it was a great opportunity to buy AOL and YHOO (and to a lesser extent XCIT). It was a disastrous time to buy CYCH, OMKT, SDTI, etc. Notwithstanding Abelson's/KIS's suggestions that the web sector is driven solely by ignorant, manic newbies, the market has a generally good record of identifying winners, even if it subsequently has rewarded those winners with excessive, unsustainable, valuations.