Go to Jeff Salisbury LWGate Home Page.From: "Robin Gridley" <gridley02@earthlink.net>
Subject: [CANSLIM] eCommerce stocks
Date: Tue, 19 Nov 2002 08:58:03 -0800
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One thing that is making me a little bit nervous re: eCommerce stocks like Amazon etc. is the idea that they will very likely soon have to start charging and collecting sales tax. Last thing I read a couple of days ago was that 20 states (CA included...) had almost reached agreement on finally implementing sales tax req's on Internet biz. Many states that have passed on this before are now pursuing aggressively as it's seen as a place to go for much needed revenue. When you eliminate the pricing advantage that they've had because of being able to avoid sales tax I think you're going to see increased competitive pressure. And with some of them like Amazon only just starting to show black ink, I'm going to sit out and wait 'til the dust settles. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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