SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Trader Dave who wrote (1754)3/31/1998 2:55:00 PM
From: Clam Clam  Respond to of 3033
 
TD, re. AMZN...

I stopped trying to figure out internet valuations a while back. It seems the momentum investors buy and shorts cover based on news flow, regardless of any business impact the news actually has.

AMZN's sales growth is incredible. Yah its for losses but as Bezos says "market share will never again be so cheap." The guy may be overrated but he is quite bright and I don't doubt his ability to leverage books into much more. Something special is going on for sales to grow that fast. I agree with you on the valuation issue, however. AMZN is much more than tulips but at some point, relative valuation discrepencies just get ridiculous.