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Technology Stocks : CMGI, eBAY, AMZN, AOL - When will the pain end?
EBAY 35.48+0.5%Dec 13 4:00 PM EST

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To: gizelle otero who wrote ()7/22/1999 8:37:00 AM
From: d_trader_99  Read Replies (1) of 47
 
What is the pain?
These guys had moved up 100-1500% during the past year and their gains were far, far above all best companies in the world. You should enjoy your tremendous gain for the year. I don't think we could have this type of run in the near future. Thus, you may not expect them to continue running this year, next year, and .... We know Internet may be big but the purpose of investment is to make profits which rely on the company's performance. Thus, how could you buy AMZN's stock at $120 when this company burned your money $0.52 each Q? That is painful! In deed, great expectations plus great hope have built into these stocks already. If they could not surprise the Street, they would continue to go down.
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