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

To: John May who wrote (4403)	5/16/1998 7:52:00 PM
From: marion (Hijacked)	Read Replies (4) \| Respond to of 164684

This was posted on The Motley Fool board and I thought it was good, so I thought I would "do a Candlestick" and post it here. Subject: Mania Date: Sat, May 16, 1998 19:19 EDT From: MF Equity Message-id: <1998051623193600.TAA29545@ladder01.news.aol.com> This mania reminds me exactly of IOMG in the spring of 1996. I first bought IOMG in January 1995, and was one of the first to request that the Fool set up a board. We all know the saga. Great growth story, and a stock that got way ahead of itself due to a short squeeze. I can still recall MF Chiros posting a beautiful analysis "demonstrating" that "fair value" of IOMG was over $70 a share. With the "assumptions" that things would work as planned. Of course they didn't. Because IOMg sold a low margin product susceptible to competition. Sound familiar? This idea that valuation doesn't matter as long as there is the faint possibility that hopes and dreams might somebody be realized is ludicrous. Downright scary and stupid actually. Investing in a common stock shouldn't be a love affair. Find a woman if you want to love something, not this painted whore of a stock. Valuation does matter, and those who argue they won't sell because they are "long term investors" are drinking the wrong kind of Kool-aide. MIKE (no longer affiliated with the Motley Fool)

To: John May who wrote (4403)	5/17/1998 9:36:00 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

<<I fail to see the brilliance in this company. There is nothing high tech or new here. AMZN is simply a mail order store that placed its catalogue in the net. One can order without picking up the phone and dialing an 800 number. Mail order has been around and profitable for years. Where is the innovation? >> Glenn. You're kidding, right? John, I am not kidding. I would be happy to listen to an explanation of innovation. Glenn