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  • webanalyst webanalyst Dec 6, 1997 8:43 AM Flag

    Next Bubble

    I think the pattern is clear. First you had the netscape bubble. Now you have investors reevaluating the long term profitability of the online trading companies like etrade. It is becoming clear that online trading will be a very competitive business,
    and may become one based on an advertising model. I figure the next bubble to burst will be online retailers like amazon. This business will be competitive like most retailing especially when you don't control your brand, i.e. the book title is the brand. And yet this stock could go much higher as newcomers 'discover' online retailing. But longterm, how is this value supportable?

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