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

To: Bill Harmond who wrote (24271)	11/3/1998 4:53:00 AM
From: JBL	Respond to of 164684

Bill : Successful financial systems which become predictible bring their own failure through excess of greed and leverage (through debt, or hype). This is why LCTM blew up, and why Tiger lost 3 Billion in October. This is also why the Yen is trading at 115 / Dollar in spite of fundamentals. There aren't many stories around that have become more predictible than Internet stocks, and greed and leverage are near a peak IMO. I see Ebay, "the pure internet play, worthy of valuation similar to that of AMZN" (DLJ ?) as a potential trigger to take the whole pile down. Their business is just too down to earth for their valuation to fly much longer.