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

To: re3 who wrote (41373)	2/20/1999 2:29:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164687

I LOVE IT!.... From the Oakmark Select Fund: "Top Ten Reasons to Sell Internet Stocks." DIG THIS: 10. Newly issued stocks quadrupling during their first month isn't normal. (Na'trul!) 9. Shopping.com has prices 25% below Amazon.com which is 30% below the corner bookstore, which isn't a good business. 8. Rational price targets weren't high enough, so brokerage firms stopped using price targets. 7. P/Es over 100 times on next century earnings seem a bit high. 6. Catching up by buying hot performers wins less times than the Chicago Bears do. 5. Leading Internet retailers from 1995 spent less time on top than Godzilla did. (WHOA!) 4. Insiders are selling stock to finance the move from pocket protectors to Ferraris. (TURBO NERDS!) 3. The line for a new Internet IPO is longer than the line to buy Furby. (weak one -- old, and I take it personally!) 2. Yahoo! market cap exceeds that of CBS (producer of the Late Show). 1. (And my personal fav!!!) Amazon.com is on the cover of BusinessWeek. (OH YEAH!!)