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

AMZN 229.34

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To: Sarmad Y. Hermiz who wrote (104115)	5/26/2000 1:50:00 PM
From: H James Morris	Read Replies (2) of 164684

>It seems the new econ winners are the nimble traders who pile on at the start. The actual damage is done when the pyramid reaches it maximum height, is abandoned by its perpetrators, and it collapses. Sarmad, like Eric I too agree with your entire post, but I'd like to add something here. The new econ winners are also the investment bankers and their analysts (pimps) that made these pyramids in the first place. The $billions they've made on UW fees, the free stock they received, hyped, and dumped at their heights on the public. Every time I turn around another investment banker is getting fined, but always without admitting guilt. Too many to name...ML just got hit yesterday with a $275mil fine. Goldman was just under scrutiny in Japan because of a UW debacle. DLJ is under SEC review for selling $200mil of bonds for a company that declared busto shortly after...with 2 DLJ directors on its board!. Now, I'm not some crying bear who got shut out of the pyramid scam...I too played the game...with excellent results. When I look at my profits over the last few years I feel I got them like the investment bankers did. I STOLE THEM ...from a greater fool.

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