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 : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (88074)	1/7/1999 12:35:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

I read everything you say Greg. FWIW I believe that much of what is going on with these companies is the greater fool theory in action. The alternate way of stating this is that the momentum players are playing, and the game is a zero sum game. At some point a significant number of these "fools" (remember, we're talking "greater fool" here) will look around and figure out that they are in fact the greatest of fools, and these companies will fall to earth as if gravity were just invented. As far as I'm concerned, there is only one way to value a company: look at its operating cash flow, and see if there is a reasonable expectation for growth in OCF. Now look at AMZN, and tell me where the OCF is. Zilch. Nada. It can probably feed off of itself for awhile by selling some stock, but I personally believe that anybody paying over $.25/share for this company is crazy. TTFN, CTC

To: Boplicity who wrote (88074)	1/7/1999 9:20:00 PM
From: John Koligman	Read Replies (1) \| Respond to of 176387

Greg, Were you touting that internet company in your neighborhood when it went public?? If you recall, Spyglass and Netscape were the first iteration of this, Spyglass marched right up to 100 and then back to 13. I don't expect that it will be much different this time around. Right now Yahoo has the same market cap as Boeing. I must be very slow, it's a bit hard for me to see how a building full of post teens building web pages is as valuable as what Boeing does. John