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To: LindyBill who wrote (1993)1/8/1999 11:02:00 AM
From: Chuzzlewit  Read Replies (1) | Respond to of 41369
 
Lindy, that is the greater fool theory in action. When you buy a worthless stock you are a fool in seek of someone even more foolish. This is a fool's game.

Try this: compare BKS to AMZN on any financial criterion you care to choose: eps, cash flow, gross margin, net margin, PSR etc. Now try to rationalize the relative valuations.

May I will start an internet company. I could call it Bre-X.com. Should be worth a few thousand bucks a share, cause hey, we're selling vaporware gold on the net. There's no inventory costs associated with that.

TTFN,
CTC