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

AMZN 242.61

-1.5%

3:59 PM EST

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To: Robert Rose who wrote (86154)	12/3/1999 7:08:00 PM
From: GST	Read Replies (2) of 164684

Robert <why? because economic developments are in our favor and the market is simply recognizing that> I agreed with you in part, but not on this 'why' business. The why is much more simple -- mania. And as long as the mania continues, you are ok. The valuations are manic, because they do not reflect ANY RISK. Manias like this discount perfection not only for the rest of your life, but factor in an afterlife (maybe two). You do, I presume, know that there are two sides to every manic episode -- the giddy-side and the suicide. Bon chance with 'buy and hold' in a maniacal market.

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