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


To: GST who wrote (118601)2/26/2001 12:46:02 AM
From: 10K a day  Read Replies (2) | Respond to of 164684
 
nah...
i think the same thing happened after the first big netscape [run-Crash]...AOL [RUN-CRASH].
Everybody missed the first{big} run
They planned for the second big run.
When AOL bottomed out and netscape bottomed out...
I think netscape fell from 200 to 12 or 13....

The brokers were just ready for the second big run with all of the garbage paper ...they threw at everybody...I'm pointing my broken finger at the brokers... Maybe i can buy a series seven license on ebay...



To: GST who wrote (118601)2/26/2001 2:11:01 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I know you think I am being personal, but think about why I was taken off the new economy thread. I quoted the then concensus growth figure of 20% for YAHOO -- that was the published number on the yahoo finance site! He insisted that it was "unfounded" and that their real growth rate was 50% and the 12 analysts would raise their estimates in the new year. Of course they dropped them to minus 20%... but never mind,

I never followed that closely. Was that the entire reason? A difference in opinion as to the growth rate of Yahoo?

What you detect is realism. Bill does not even know that there was a bubble. He can't admit it to himself -- why would he concede it to you or me or anybody else?? Nope, it is a correction, or the business cycle or morphing, or something. Look at the banner for the new economy thread:

My recent conversation with Bill is now not about the stock price but about the fundamentals. At least, in my mind that is what it is about. Amazon seems to have no growth and no chance of ever turning a profit but not due to a slowing economy. It is due to the business model, poor management which as I explained in detail during one post, caused the debt, etc.

Glenn