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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 240.87

+3.4%

3:59 PM EST

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To: Eric Wells who wrote (104160)	5/26/2000 5:45:00 PM
From: Glenn D. Rudolph	of 164684

and it is not a given that all of them will be fabulously successful. I believe it is a given that not all of them will successful at all. We won't really know who is right or wrong until after the dust settles - say two or three years from now. I agree. Regaring ICGE specifically - there are not too many companies that give up nearly 90% of their market value and continue on to be stellar companies. But you never know - ICGE may be a good buy right now. But then again, maybe not. This is where I see the market has changed the most. Whe I initially shorted AMZN, I thought I had enough equity to hold that position forever. I had never heard of a stock appreciating 1100% in 12 months and AMZN did that. Typically, stocks that fall 90% go bankrupt. Are things "really different" now? I do not know. The cause of these huge swings is very difficult to put a handle on. Is it the development of on-line trading at in expensive prices? Is it the baby boomers with too much cash? Is AG with too much liquidity at one point? I do not believe I have answers. Glenn

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