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

To: Glenn D. Rudolph who wrote (103727)	5/21/2000 7:46:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

I've said before that I had a six-figure loss shorting Amazon, which I partially recovered later. And I do consider the buying it by the new economy enthusiasts to be idiotic, and I will be really glad when it crashes and bankrupts its believers. What annoys me the most is the insiders have already cashed out hundreds of millions. And what puzzles me is all the gullibles buying while the insiders sell shares they got for free.

To: Glenn D. Rudolph who wrote (103727)	5/21/2000 11:19:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> I am now long "some" new economy stocks. Glenn, I don't know what stocks you have. But do you apply to them the same criteria as you would if you were buying a jewelry store ? If you borrowed money at 10% to buy the whole company, could you afford to keep it ? I think the label "new economy" is applied to those businesses whose price cannot be justified by any rational means. I do understand that a person can invest in a fledgling business that is currently unprofitable. But is there a road map to profits in these stocks ? And if there was, then there would be mile-posts that can be checked along the way. By idiot stocks I mean IVIL or EELN or YHOO or EBAY where it is simply impossible to see any kind of plan to justify their market cap. The tragedy that is unfolding these days is that working people are using their earnings to support these leeches whose mission in life is to dream up dotcom IPO's to suck up the public's money. Since you didn't remember KIS's lunch invitation, then maybe you also missed the WH post of how he thought EFAX could get to a $10 billion market cap.