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

AMZN 242.61

-1.5%

Jan 13 3:59 PM EST

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To: Robert Rose who wrote (86149)	12/3/1999 5:45:00 PM
From: GST	Read Replies (1) of 164684

Robert: Ganesh asked, so I shared my view. As for making money as a speculator, sure, I am trying to do that as are most on this thread. For the week I did well early in the week going against GE but only sold half my position after having its value double in a day. I sold the rest of the position today to salvage some additional cash and went long IBM calls -- and ended up slightly on the day. As I said in the post you quoted, I am happy to see people make money off of whatever nutty action is going around -- but it is absurd to me to hear people justify what they are doing based on silly arguments as I mentioned in my previous post. Net stocks are so far from any concept of 'intrinsic value' that the only things that matter are the dynamics of the mania -- which will end, as all manias do, badly if you are unlucky or dumb enough to play the game one too many times or to stick around too long -- a sincere good luck.

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