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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: tonyt who wrote (27052)12/29/1998 8:15:00 AM
From: Len  Respond to of 32384
 
Let it go, Tony!



To: tonyt who wrote (27052)12/29/1998 8:38:00 AM
From: LLCF  Read Replies (2) | Respond to of 32384
 
<So, what's Murphy saying about the internet retail stocks now that sales tripled (when expectations were only for a double)?>

According to Merrill Lynch it doesn't matter.... at todays price (then below $300) AMZN has to sell 100% of all books sold 5 years hence, assuming 10% growth in the book market to trade on a 50 PE assuming margins double...

Don't laugh untill the facts are in... ie. in 5 years.

DAK