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


To: Lizzie Tudor who wrote (52736)4/26/1999 2:23:00 PM
From: KeepItSimple  Read Replies (3) | Respond to of 164684
 
> I think the priceline mkt cap is a little high

I don't. There is no reason it cannot soar to 1 trillion dollars. Absolutely no reason. Once internut stocks disconnected from fundamentals there is literally nothing to stop the momentum. If it is overpriced at 20 dollars a share, whats to stop it from going to 2,000 dollars a share?

(for the history buffs out there, this sort of virtual printing press of currency will be looked back upon as the beginning of the end of capitalism.. equity hyperinflation combined with brutal price competition, what a combo)



To: Lizzie Tudor who wrote (52736)4/26/1999 6:29:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I think the priceline mkt cap is a little high, fwiw, I will probably trade out of it shortly.
Its hard to believe that amid these rich valuations amzn looks like a bargain! (sort of)


Michelle,

The entire sector looks murky to me. I won't touch AMZN because I always get burnt. I will play AOL and should have played Priceline this AM. The murkyness in many of these is how much profit it any, will there be. The analysts on average always talk about a total market size. We know that the entire market will not be sold on the net.

I am comfortable and pleased with my returns on LVLT, INTC, AOL and CSCO as of late.

Glenn