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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 221.24-0.6%Dec 17 3:59 PM EST

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To: HG who wrote (129083)7/25/2001 9:34:15 PM
From: Skeeter Bug  Read Replies (2) of 164684
 
>>Most bears were wrong.<<

not about valuation levels being unsustainable. not the idiocy of buying and holding. not about the impending carnage on the american economy (you ain't seen nothin' yet).

>>They just kept saying "sell sell sell, the sky is falling"<<

actually, it was falling. the problem with most folks is that they don't understand delays. the bullet doesn't hit its target as soon as the trigger is pulled. even so, the person in the crosshairs is dead man walking - even though they still live.

>>at the wrong time...Sell in 1998 ? Come On. How DUMB was that ? LOL<<

it was genius compared to the many, many more folks who doubled and tripled down in late 1999 and early 2000. pure genius.

>>It was as stupid as I would look right now saying "Buy Buy Buy, the market is going up"! Its not. Sidelines is safer here unless you like channel trading. Of course some day it will go up, but that doesn't mean I keep shouting BUY BUY BUY now !!! <smile><<

funny, i don't believe i heard you say something similar when the naz was 150% higher than current levels. i was. daily... ;-)

>>Timing....thats what it is all about.....coz even a broken clock shows correct time twice a day....<<

happy, i'd go one further. a system to manage risk is ultimately the most important thing a person can have. you don't do as well on the way up, but you don't lose it all + some on the way down - which happens during every bubble bust cycle.

the bears did overestimate the intelligence and will of the bulls and the lengths to which the enablers would go to keep 'em going. the bulls were as smart as ponzi scheme participant. sure, some folks in early make money... but you know the rest of the story.

the negative spiral is now in effect and it frustrates me b/c it didn't have to be this way.
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