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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Bill Harmond who wrote (65517)	6/30/1999 9:28:00 AM
From: John Donahoe	Read Replies (1) of 164684

RE: It rarely works out to 60% because in a diversified portfolio (of even just Web stocks) they never top out or bottom together. On the close 6/14, I was down 31%. In addition, if you're long in a secular bull market like this one, and you are an investor and not a trader, you are never "down" until you sell a capital loss. I recall that Buffet said "if you can't accept a 30% decline in your portfolio you have no business in the stock market."

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