To: Tom D who wrote (6340 ) 6/17/1998 1:38:00 PM From: Towntarget Respond to
Simple, those folks still apply the conventional valuations for internet stocks, i.e. fundamentals and earnings...etc. What they refuse to believe that they are "concept stocks". They might go down someday, but fundamentals and earnings just don't apply for them before 2000, I mean nobody expects AMZN to be profitable until 2001, investors may concern in few years later, so timing is very important for them, unfortunately, either now or soon is just not the right timing(well they may not think). AMZN may pullback a bit, but the trend is up at least this year and next year IMO. If you go to short thread such as Roger's Short Picks, you will see most of them very careful watching AMZN, but most of them are not going to short it unless they can ensure the downtrend. Professional shorters don't short AMZN, AOL and YHOO at this moment, amateurs do. As I say again and again, I haven't seen anyone succeed to short AMZN, AOL and YHOO in the last few years and present, of course, they can get a bit from every pullback, but the the risk is so high that not worth. There are a lot of good short candidates out there, they just chose the wrong one at the wrong time. Anyway, being a shorter myself, I know most of them would not give up what they believe, so they won't listen anyway. If they don't believe what I said, check this thread from beginning, then you should see how people failed in last year and disappeared.
