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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
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To: Walter High who wrote (3205)4/21/1998 9:28:00 PM
From: Skeeter Bug   of 164684
 
>>If you are in category (2), the only evaluation of your judgment is whether or not
you make any money.<<

i disagree. the only measure of a fool is the risk they take to make money. you don't know whether you'll make money until it is over. that is not information that is available before making a decision to "invest."

the risk reward on amzn at current levels is absurd and i believe the greater fools are stepping up to the plate.

now, if you bought amzn at much lower prices then you could make an arguement that the potential reward offset much of the risk of owning a no money making, competition getting crunched, guaranteed to over pay, run of the mill mail order book company.

but, not at current levels, imho. anybody holding at current levels is set for a huge haircut, imho.
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