Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: re3 who wrote (80939)	10/17/1999 1:44:00 PM
From: H James Morris	Respond to of 164684

Ike, beautiful weekend up here in Seattle, but yesterday sucked. Asu kicked our Huskies butt's, and Bezo did not sit beside me. It appears that he was opening a new customer service center just south of here to get it ready for Xmas. Did the Canadian press pick up on Al's reference to "Dutch tulips"? I think it was censored down here to prevent a mass selling by the elephants, or the US media didn't think it relevant as most of the 25 year old Wall Street Investment bankers/analysts history lessons didn't go back that far. >>A brief history of the 17th century Dutch Tulip Bulb Mania Manias are a basic part of human nature. Whether it is a mania for the latest hot pop star or a mania to buy a sure thing financial asset, manias have exerted their influence for centuries. Unlike the lessening of the fervor directed towards a pop star, the end of a financial mania can often have devastating effects on its participants. Tulips were first imported into Europe from Turkey in the mid 1500's. The flowers soon gained in popularity, and a demand sprang up for different varieties of the bulbs. The supply (and increasing popularity) of rare varieties of Tulip bulbs couldn't keep up with the demand, and prices soon began to rise sharply. Prices rose to such heights that by 1610 one rare bulb was considered an acceptable dowry for a bride. As prices soared ordinary citizens soon began to view tulip bulb speculation as a sure fire way to get rich (echoes of the stock market?). Holland, the largest producer of the bulbs, soon became the epicenter of the mania for tulips. People mortgaged their homes and businesses to buy the bulbs. The prices for many rare bulb types reached several hundred dollars each. One bulb of a very rare variety even changed hands at over $20,000. By 1637 people began to see that prices had reached an outlandish level. Distribution began to take place, and as often happens after the smart money has already sold, a crash soon followed. Many Dutch families lost the homes and businesses they had mortgaged to take part in this "sure thing" investment.<< Do those tulip prices of years ago kinda remind you of Amzn at 221.? It appears they do to U Al.;-)