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

To: Glenn D. Rudolph who wrote (119680)	3/8/2001 1:16:32 AM
From: schrodingers_cat	Read Replies (1) \| Respond to of 164684

I don't really agree that Bezos is to blame for the rise and fall of AMZN. This is just the latest in a long line of speculative bubbles in financial markets. People buy these things and then think they are geniuses and "new economy gurus" when the prices rise. Then their neighbors want to get in on the action and the price goes up even more. Its just a fault in the free market system. You can't blame Bezos for trying to push up the price of the stock. Isn't that what management is supposed to do? And I'm not sure that Bezos could have stopped it even if he tried. He just told the crowd what they wanted to hear. And if he hadn't then he would have been replaced by somebody who "understood the new economy". Never underestimate the power of mass hysteria. And never get in the way of it in the market.

To: Glenn D. Rudolph who wrote (119680)	3/8/2001 8:44:03 PM
From: Victor Lazlo	Respond to of 164684

<<My gripe is the market for those years was manic enough to permit many company managers to hype their firm to a much greater degree than had been possible in the past.>> Anyone taking even a cursory look through SEC filings for these co's would have pulled their horses in, Glenn. AMZN's filings from 18 mos ago and maybe earlier include warnings that the % growth will not continue for long. People who got wiped out of their net worth on one stock like AMZN are the same types of people who pay a driveway paving contractor in full before the work has even been started. These types do most things wrong, no matter what the type of deal- they do not protect themselves. Victor