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

AMZN 232.58

+0.1%

11:07 AM EST

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To: Bill Harmond who wrote (88314)	12/22/1999 3:42:00 AM
From: craig crawford	Read Replies (2) of 164684

I wasn't trying to put you old folks down, I was pointing out that trying to compare my returns to someone like you or HJ or Robert Rose is like comparing apples to oranges. You come up with an amazing amount of stock picks that do well. I can never come up with as many good ideas as you. My style is more along the lines of find a couple ideas I feel extremely confident about and then bet heavily for brief periods. Essentially my portfolio is kind of like AMZN or YHOO. Periods where it quadruples, then declines 50-60%, then quadruples again. Very volatile but in the end seems to go higher. William's portfolio is more like a CSCO or MSFT, slower and more stable, but still quite impressive gains. Which one is better? Neither. One is for an older family man who has grown accustomed to a comfortable lifestyle and doesn't want to lose it. The other is for a younger single guy who doesn't worry if he has to eat macaroni during the lean times when things don't work out. He is a guy who is confident in his abilities and knows if he loses most all of it he can come back and do it all over again--only better. I don't have any idea where I stood on 01/01/99 so I'm not even sure what my gains for the year are. Furthermore I was investing for others in '99 so it depends on whether you tally up the total amount I was managing or just my personal stake. I can say this however. Remember about a month ago when I said that I took a very small amount of money and started buying OTM call options in late Sep? I wasn't exactly rolling in the dough thanks to AMZN losses and I thought I might be kind of rusty from not trading for over 6 months. Well I said that I was up over 100 fold in about 2 months. It's been less than 3 months since my return and you can add another zero to that figure.

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