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


To: Lizzie Tudor who wrote (151524)1/16/2003 2:30:10 PM
From: Alomex  Read Replies (3) | Respond to of 164684
 
I agree that we have seen a minibull market since July. The problem is, Lizzie, that it is equally unsubstantiated as the previous bubble-bull market.

Have a look at the P/Es and P/Ss of Amazon and Yahoo to see what I'm talking about... Even under very optimistic assumptions of growth it is hard to justify prices for Amazon and Yahoo at half their current price....