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

AMZN 247.35

+0.4%

Jan 9 3:59 PM EST

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To: Bill Harmond who wrote (104136)	5/26/2000 2:28:00 PM
From: Eric Wells	Read Replies (4) of 164684

You would have held a short through a triple? No - and I didn't. But today the stock is a third of the price that I originally shorted it at. So if I had taken the short and held it, I would be up substantially today. But don't you find the historical price volatility in ICGE to be a bit perplexing? The stock has lost roughly 90% of it's value since it's high at the beginning of January (just 5 months ago). Why? Is the market wrong now? Or is it not possible that the market was wrong before when ICGE's price was driven up to 212? Anyway - I'm not sure I understand your point. I suppose your post was intended to support the notion that you were right back in November when you were insinuating I was a bit crazy for shorting ICGE. You were right - it was a crazy short - because this is a crazy market. And I suppose by taking the short position, I was making a stand for sanity in the market. But you were right for only a few months. One might conclude that from the viewpoint of a long term call, you were wrong on this one (don't take offense - just stating a point of view). But who knows - perhaps, ICGE may rise up to 212 again soon. Thanks, -Eric

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