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

To: Sarmad Y. Hermiz who wrote (113865)	1/2/2001 12:22:33 AM
From: GST	Read Replies (1) \| Respond to of 164684

Sarmad: Yahoo is trading at a very high price in relation to its expected growth rate. When a stock is down 85% there is a tendency on the part of some -- especially those who do not do their homework -- to expect a return of the "glory bubble days" not recognizing that the game is over and the price of the stock is still sky-high. When a company like Yahoo starts growing at 20% a year -- and remember, this estimate of 20% has not been cut as we moved through 3 months of a weakening economy and so is vulnerable to being cut -- when growth tapers off and people realize that the "unlimited growth potential" line is pure bull, they pay a lower multiple for the stock. Yahoo in single digits is more likely where it is heading. Rallies will be selling opportunities. Good luck. BTW -- I am mainly only posting about yhoo because it is an example of how totally out of touch with reality some people remain even after the bursting of the bubble.