posted on December 23, 2002 02:35:03 PM new
E-Tailers: 'Tis the Season to Be Wary
Are these investors nuts?
Pretty much. And they should know better by now. Last year, e-commerce stocks also rose in anticipation of the seasonal burst of business only to tumble once the holidays ended. Shares of eBay jumped from around $44 in late September to $70 in early December, for example, then fell below $50 by the first week of February. Yahoo and Amazon both had similar, though smaller, holiday gains, followed by a slide.
