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: Glenn D. Rudolph who wrote (15469)	8/31/1998 11:42:00 PM
From: Rob S.	Respond to of 164684

I agree with the report and it is sobering to both longs and shorts that it now makes obvious sense. "How low can it go" is just about all that analysts are now pondering. The downturn is almost as irrational, but not yet, as the market "irrational exuberance" that led to such disruptive pricing of the internet stocks. Bulls should ask this question: "is it better for Amazon.com, Yahoo! and other high flyers for their stocks to be priced fairly in a stable, healthy market or for their stocks to be valued at 5-10 year speculative values that could come crashing down and cast fear and doubt throughout the economy?" Guess what, the inet stocks were the leaders of the band in the great crash today and, IMO, will slide down further over the next few months. Sure we will get some rebounds (I'm counting on it $$ ; -), but the stocks have just started to become rationally valued and will crash further despite retaining a lot of speculative value. Keep up the great posts!