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

To: Jan Crawley who wrote (12545)	8/4/1998 2:07:00 PM
From: umbro	Read Replies (1) \| Respond to of 164684

Are investors being wise or foolish in looking at Internet stocks in a way that no other sector has ever been looked at? [ from an interview with futurist, Paul Saffo, URL: cbs.marketwatch.com Saffo's page is at: saffo.org ] Saffo: I forgot who made the observation somewhere else, or whose term it is, but it's a good term: That's the "Disneyland effect."Everybody who goes to Disneyland with their kids and has a great experience goes home and says, "You know, I should buy 100 shares of [Walt Disney] stock." This stuff is being driven by mom-and-pop investors, who go into Yahoo! (YHOO) a couple of times a day and like it and decide to buy the stock. So is Amazon (AMZN) worth that, or is Yahoo!? Of course they're not. There is a euphoria. Its beginning to feel like the left-hand side of a bell curve. But I don't know. It's not going to crater, but obviously the stocks are overvalued.