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

To: hueyone who wrote (152354)	2/2/2003 2:19:55 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

no, I'm not really defending the model. To tell you the truth I had never even heard of it until a few months ago. It makes sense to me in what is attempting to show, that is all. My belief wrt undervalued tech stocks here is based on growth. I think intrinsic growth rates for the top tech companies are grossly, severely understated. This is sales/revenue growth. The fed model doesn't make any judgements about this really. You dropped into a "greater fool" analogy which has more to do with my argument about why tech stocks are undervalued than the fed model's position. The greater fool theory says someone is willing to overpay for something "because its going up". I don't think it specifies why the asset in question is going up. My belief is the greater fool theory when applied to tech stocks is the promise of growth. In some cases that approach has panned out for investors. It didn't work for people buying into the growth of the internet in 1999 though.