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

AMZN 226.10

+2.5%

3:59 PM EST

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To: KeepItSimple who wrote (62138)	6/13/1999 8:18:00 AM
From: Robert Rose	Read Replies (1) of 164684

<Because people who were incredibly lucky for the last year by going long these internuts, are simply unable to comprehend that it was in fact nothing more than luck. > There may be more than a kernel of truth to this statement. But the same, of course, can be said of the internut storts at present. It all depends on one's LONG-TERM view, as to whether this is a stiff correction, the beginning of a bear market, or a 1,000-year Armeggedon. How much money were you making when my portfolio increased 20-fold in 18 months? And how much money are you now making when my portfolio tanks 50% in 2 months? I can't help now wonder if the really smart folks are not b&h'ers like me, nor chronic pessimists like you, but rather traders like Jan who are flexible enough to make hay whether it rains OR shines.

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