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

AMZN 226.99

-1.1%

Dec 8 3:59 PM EST

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To: Robert Rose who wrote (100792)	4/14/2000 4:13:00 PM
From: GST	of 164684

Robert: <Their psychological experience in the stock market so far has been one of reward, which, in turn, has bred overconfidence. ``One of the most robust and famous psychological biases that people are subject to is overconfidence,' said David Hirshleiser, finance professor at Fisher College of Business at Ohio State University. ``They picked a stock and it went up and that reinforced the view that they were smart stock pickers. They learned to overestimate their abilities.'> This is not a great day for the bears -- bears have been humbled in the past. The bulls will now have sense of the contribution of luck to their success -- bears should reflect on this and not think they are too smart either.

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