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


To: Skeeter Bug who wrote (3232)4/21/1998 10:36:00 PM
From: Jeff Olson  Read Replies (3) | Respond to of 164684
 
Skeeter, it's not the earnings that matter but rather the perception of what will happen in the future. The whiz kids at Wall Street have no way of fairly pricing a company like AMZN because the future potential is so great. Therefore the stock is free to rise almost exponentially on any good news. Just take a look at Market Guide, 7th Level Inc., etc. To stand in the way of the greatest bull market in history is a ticket to failure.

The greater fool theory at it's finest, but this time it's the people who are short who are the fools.