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

To: Robert Rose who wrote (100873)	4/14/2000 8:49:00 PM
From: megazoo	Respond to of 164684

Fast forward to December 14, 2001. The Nasdaq had the greatest point drop ever, dropping precipitously from 8898 to 7900. Some of the hardest hit stocks were the ones that have risen enormously since the last severe bear market in Nasdaq, in the spring of 2000. Foundry Networks gave up 30 points to close at 105. Foundry, however is still up 8 fold from two years ago. Interactive Program Guide developer Gemstar (GMST) closed down at 120, well below its high ot 176. Gemstar, however, is up 7 times the low of the split-adjusted price of 10, reached in the spring of 2000. Cree (CREE), which has risen 5 times its low of split-adjusted 26 also got hammered down 30 points to 180, as investors became increasing concerned about its valuation. And Qualcomm, sporting a 300 billion market cap, gave up 20 points to close down at 122. What's wrong with dreaming?