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

To: larry who wrote (53530)	4/28/1999 6:07:00 PM
From: limtex	Read Replies (3) \| Respond to of 164684

larry - but we should rebound after the first wave of selling subsides. Not so sure. This may be where Internet stocks come face to face with reality. P/Es and price/Revenue figures more in line with other 'normal' stocks look like they are about to impose themselves on internet stocks. If AMZN had a value equivalent to its estimated revenues in three years time would that be so bad? It would still make AMZN a fantastic company and at a huge valuation. The problem is that this is likely to cause a major drop in the Naz tomorrow. This market isn't at all happy and is just looking for any excuse to sel off before the inter-earnings season blues set in next week. Into the shelters at 9.30 tomorrow. Regards, L