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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: Robert Rose who wrote (110835)	10/19/2000 3:45:52 PM
From: Danny	Read Replies (1) of 164684

BTW, the reason I said people are buying can be illustarted by this simple fact: Around 2 weeks ago, I help one of my rich friends to setup an a portfolio so that he can manage part of his own money for fun as I told him that I believe the market is near the bottom. Our strategy is quite simple, we picked 10 tech stocks that we believe are both great and undervalued. We then used 1/3 of on the first day to establish the entry positions on these 10 stocks. We kept adding into the positions if the stock drops around 10-20%. (The reason we have different range is for stocks like INTC, we want to do 10% rule, but for AKAM, we want to do 20 rule) As of yesterday morning, we invested about 85% of the cash. As I am typing right now, this new protfolio has gone up about 18% already. I think lots of people are doing this kind of accumulation too:)

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