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To: dav who wrote (14541)	5/3/1999 10:26:00 PM
From: FR1	Respond to of 41369

Barron's said in its "Up & Down Wall Street" column that the largest Internet retailer's shares are worth 25 at most, Those same experts thought Standard Oil was one of the worst investments anyone could make. Not worth a nickel. Gasoline in a horseless carriage? Insane!! Who's going to speed along on top of a gasoline bomb with just a joy stick to keep them from disaster? Tulip mania, I tell you! What's the old saying: those that can do, those that can't become experts, journalist and consultants. If the guys at Barrons know so much and have such successful portfolios, why are they spending their lives writing articles? Just bored with their yachts, I guess.

To: dav who wrote (14541)	5/3/1999 11:54:00 PM
From: Michael Kucera	Respond to of 41369

Re: Amazon.com saw its shares plunge 12.2 percent after Barron's said in its "Up & Down Wall Street" column that the largest Internet retailer's shares are worth 25 at most, according to Bloomberg. Shares of Amazon lost 21.12 to 150.93. I think that same column also said AOL was worth 5/share not too many splits ago so they know next to nothing or less than nothing when it comes to predictions. (i've always wondered who Alan Abelson really works for!) All this internet valuation talk reminds me of a good warren buffet comment: If the essay question on a final exam for a securities analysis class were to ask for the proper valuation model for an internet stock, how would you answer it? ...he replied by saying that anyone who tries to answer the question would automatically flunk.too many uncertainties,too many loose-ends.