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

To: Sarmad Y. Hermiz who wrote (50019)	4/13/1999 12:16:00 AM
From: Greater Fool	Respond to of 164684

I don't know if other stocks will follow Yahoo down. I think what we're seeing with Yahoo is just people edging away from it to stocks they hope will generate higher returns. As long as Yahoo keeps the dream alive with ads and acquisitions, there's nothing stopping it from continuing up. I think it rose in anticipation of the rise in anticipation of earnings more than anyone was actually concerned about the earnings number. Funny that noone commented that Yahoo's profits as a percent of sales dropped significantly from Q4 to Q1. Four or five percentage points. They had to spend $13M to get the incremental $10M in sales. IMO, the tide will only turn when "supply exceeds demand", or when we get too many IPOs or too many insiders sell their now-locked-up shares. But this will have to happen faster than new money flows into the market -- and just a little hype on Yahoo's or Amazon's part goes a long way to pulling more money in. On the subject of supply: didn't Ebay file for an incredibly large secondary offering? A billion dollars or so? What'll that do to the price when those shares are dumped on the market? GF