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

AMZN 233.05

+2.9%

Jan 5 3:59 PM EST

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To: Jenne who wrote (34105)	1/10/1999 7:33:00 PM
From: Peter J Hudson	of 164684

Jenne, I think anyone who is advising you not to be scared, that everything will work out in the long run is giving very foolish advice. I assume that you made a market order (that in itself is telling) and it filled at a higher price than you expected. There are various ways to hedge your long position with options that will limit your down side risk, if you have the resources available to do this. If I was in your position I would place a limit order to sell at or a little above your purchase price, with luck the price will surge and you'll have your money back. You can then study the situation and make an investment you're comfortable with. If you agree with the bulls after careful analysis then you can again take a long position. You may miss a few points on the upside, but that's no big deal because the bulls believe it will just keep going up & up forever. Bottom line if this is money you can't afford to lose find a way to protect at least a portion of it or have an exit strategy that you will stick too. I don't have a clue what will happen short term, but I know what is inevitable long term. Hope it all works out. Pete

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