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

To: Eric Wells who wrote (88272)	12/21/1999 9:14:00 PM
From: fedhead	Respond to of 164684

Good post. I will just go to what Mary Meeker said. She said that 90 % of internet stocks are way overvalued. 10 % however are undervalued. Since we don't know which are the 10 % the best strategy is to own a basket of the leaders as the Internet is growing exponentially. Sure there will be massive correction in the nets but the leaders are going to go much higher. I really like AMZN here. Once they take out their old high they could move like YHOO did. Anindo

To: Eric Wells who wrote (88272)	12/21/1999 9:18:00 PM
From: dbblg	Read Replies (1) \| Respond to of 164684

>>In placing an educated bet today, it is not necessary to know anything about a company's business - educated bets are based on knowing what other investors are doing or thinking. Eric, Other than in the very short term what you are saying simply isn't true. (In the very short term, the statement that "educated bets are based on knowing what other investors are doing or thinking" is something of a truism in all markets and always has been.) For certain periods, stocks like TGLO, ONSL, and CYCH have risen with, and even outperformed, YHOO and AOL. A few nimble traders manage to ride those waves without getting hurt, but most people who buy junk (or short quality) eventually blow themselves up. Do you really believe that the skills required to differentiate a YHOO from a CYCH, or a CSCO from a CS, are no longer useful? Ganesh

To: Eric Wells who wrote (88272)	12/21/1999 9:26:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

Eric, my only problem with your post, is that it doesn't differentiate yesterday's mania from TODAY's mania! As someone recently posted, this is the third time they've seen this. Well, for me, it is the second time, but it is exactly the same! Last time, it lasted a couple of days as I recall. As far as I can see, it will probably last longer (through the New Year) this time. But this is not good. It is not normal or natural to see an account increase 30% in a single day. This is parabola. It cannot continue and it should not continue. As I mentioned earlier today, my problem is that I love my stocks....

To: Eric Wells who wrote (88272)	12/21/1999 11:06:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

2. A lack of rules may be causing large sums of money to be diverted into businesses that don't have sound business models. This is always a risk. But I would argue that there are large sums of money flowing toward dot-com and b2b companies with little critical review of company business models, and little or no analysis of projected revenues and profits. Money flows to these companies directly through IPOs, as stock currency, and as rewards to executive insiders who own large numbers of stock options. One could make a strong argument that if investors become less critical in evaluating fundamentals that there is an increased risk that capital will be wasted on companies that don't have strong business models. I would argue that this is happening at a level not seen in our markets in quite some time. Eric, Excellent post. The capital currently being wasted is a huge number in my opinion and to a great degree is offsetting the productivity that may be gained by the use of technology. Therefore, many people are living a lower finanacial standard of living due to the waste of so many resources. Glenn