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

To: H James Morris who wrote (28091)	11/24/1998 10:09:00 PM
From: OtherChap	Read Replies (2) \| Respond to of 164684

> I like Peter Jennings and most of the media, but I don't go out and >make decisions based on their got to have viewer's news. You vastly overestimate the average viewer's intelligence. You probably also arent the sort of person who speculated in Beanie Babies, but millions of other people did. :) I don't think Amazon or the other e-tailers are the new industrial revolution, as the hypers would like to put it, but their volatility and complete disconnection from fundamentals IS a revolution- and it is all based on what happens when millions of people get on the net for the first time, starry eyed and naive, and buy stocks through their new online brokerage accounts. Most of these people dont even know what "SEC" stands for, and they wouldn't know what the term "market cap" was if it slapped them in the face. The people bidding up ebay to the stratosphere think it is perfectly normal, since they spent the last 2 years bidding beanie babies into the stratosphere as well. Anyone want a cabbage patch doll? How about at its mania price of 1000 dollars? (i remember the news reports) My opinion is that if this sort of thing continues, the SEC will step in and change margin requirements or institute some sort of more strict financial disclosure on these companies. Can you imagine the future when the equities markets are no longer centralized, but spread on a nasdaq-like system where each and every individual is a market maker? Where "bots" buy and sell stocks unattended? The SEC put in "stops" on the dow for large percentage swings, to make sure this kind of crap couldn't happen on a large scale. It's about time they put those kind of stops on internet stocks. Latest rumor is that the SEC is contemplating changing margin requirements for the internut stocks too, although our pal cramer thinks it won't happen..