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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Mark Fowler who wrote (89829)	1/5/2000 12:24:00 PM
From: Robert Rose	Read Replies (1) of 164684

<If i sold i'd pay 50% in Taxes. I'd have to come up 100% just to break even again.> This sounds like a repeat of the 4/99 discussions. Except that you're espousing my arguments back then. I've decided to take half my profits, which thankfully won't be due for 15 months. I can weather a decline much better than I could last spring and summer because my net worth is now so much greater. Now that I'm 50% cash, the market can go to hell in a handbasket (doubtful) and I'm still sitting pretty. I have a hard time imagining these stocks pulling back to their 200s - 50s seems more likely in this more certain (vis-a-vis last summer) economic environment. What do you think? Didn't you take some profits last spring? ps. My estimation of the WSJ has just shot up dramatically. So much so that I just subscribed to the online edition! LOL

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