Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: jawd who wrote (8447)	7/2/1998 12:30:00 AM
From: William T. Katz	Read Replies (1) \| Respond to of 164684

The shorts have been right in one thing: Amazon.com is overvalued. You can claim a lot of things. You can claim the shorts are all stupid for not embracing momentum. You can claim the shorts completely underestimated the possible run-up and eventual top. But you cannot claim that Amazon.com approaches fair valuation at almost 3x Barnes & Noble. Fundamentals still exist. And if you say the price of a stock determines the fundamentals, then I say you are the "joke". So let's be clear about what's happening. The market is always right about the stock price. But the market many times knows little about the true worth of a company. That's why we see hundreds of stocks skyrocket only to crash & burn. Does the real value of the company really change like that? No way. All this just leads me to believe that momentum is now the main way to play the technology stocks. They are so volatile and in forming sectors like the internet, people can wave their hands and justify anything. At this price, though, going long with a stop market sell just loses money because of the volatility. And removing the stop market sell opens you to the eventual crash. Too bad I still don't have money at E*Trade. I'd be buying puts and calls. It's either going way up or way down from here by the end of the year.

To: jawd who wrote (8447)	7/2/1998 12:44:00 AM
From: Mike M	Read Replies (1) \| Respond to of 164684

<<The shorts have been ranting about fundamentals, "I'm a retailing expert", short squeeze, "I'm educated, you're not",...>> I have noticed some defensiveness about education, but I can't remember any specific attacks on education or intelligence... just character...... <<Yes. What goes around came around today. Good and proper.>> You guys were the ones that guessed right in the big guessing game...Enjoy your victory while affording dignity to the vanquished.... That shouldn't be that difficult...In the game of life, it is natural for the losers to yell, "deal the cards"..... <<Joke is: Y'all still think you're right!!! What a joke!!! >> Maybe you are right. But, in the long run we are "all" dead....since we must share that same fate, why not IM your obnoxious glee and, out in the open, pretend that you care about those hurting. That way, when this bubble breaks, we can extend you the same courtesy. Regards, Mike