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

To: manalagi who wrote (119617)	3/7/2001 4:03:49 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 164684

manalagi, i don't wait for bottoms. i buy cheap. i find it funny managements are genius when stocks go up and they are bad when they go do. they are the same folks! stocks are down b/c expectations were absurd (check hat, pick up crayon). your second reason is correct. the govt productivity / new economy lie can't be made into truth no matter how much they want it. i expect earnings to continue to deteriorate - not good when pes are still in the historical stratosphere. as i said, don't buy stocks looking for a bottom. buy value. if you can't make a cogent argument for fiscal value in a company then don't buy it - otherwise, you take excessive risk.