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: Bill Harmond who wrote (100191)	4/12/2000 5:13:00 PM
From: GST	Respond to of 164684

William <produced awesome returns> ?? Or reached absurd valuations?? That is the question.

To: Bill Harmond who wrote (100191)	4/12/2000 5:35:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 164684

William, When they take the air out of the techs, the selling will be indiscriminate to some degree. Financially sound companies with earnings like MSFT and INTC will hold up relatively better than others, and may be beneficiaries of a flight to quality. But nobody, not even Mary Meeker, knows with any certainty who will be the leaders in 5 years in the internet. The landscape changes too quickly. First leaders may have an advantage, but in this sector disruptive technologies may benefit latecomers with no sunk costs. Also expect some "old economy" companies with smart managements to resume leadership positions.

To: Bill Harmond who wrote (100191)	4/12/2000 5:50:00 PM
From: Bearded One	Read Replies (2) \| Respond to of 164684

William, you are wrong on such a fundamental level that it's really depressing to know that people listen and follow what you do. Internet stocks (like in any sector...the great ones) have produced awesome returns. Internet stocks have produced incredibly BAD returns. The companies as a whole have taken money from investors and not returned any of it in the form of buybacks of dividends. That investors decide to sell the stocks back and forth to each other so that the stock prices have gone way up has nothing to do with return on investment. When you realize this, you will have achieved wisdom. Until then, you're just a reckless amateur who's gotten very lucky and who's luck is about to run right out.