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

AMZN 232.07

-0.2%

10:38 AM EST

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To: Eric Wells who wrote (88272)	12/21/1999 9:18:00 PM
From: dbblg	Read Replies (1) of 164684

>>In placing an educated bet today, it is not necessary to know anything about a company's business - educated bets are based on knowing what other investors are doing or thinking. Eric, Other than in the very short term what you are saying simply isn't true. (In the very short term, the statement that "educated bets are based on knowing what other investors are doing or thinking" is something of a truism in all markets and always has been.) For certain periods, stocks like TGLO, ONSL, and CYCH have risen with, and even outperformed, YHOO and AOL. A few nimble traders manage to ride those waves without getting hurt, but most people who buy junk (or short quality) eventually blow themselves up. Do you really believe that the skills required to differentiate a YHOO from a CYCH, or a CSCO from a CS, are no longer useful? Ganesh

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