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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.93-2.4%Feb 4 3:59 PM EST
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To: Bill Harmond who wrote (136419)1/2/2002 12:57:48 AM
From: GST  Read Replies (1) of 164685
 
Take a stock like Yahoo -- a cyclical company with dicey prospects that must reinvent itself to keep from slipping into obscurity -- that is a stock that the market, over time, will discount according to its risk and timing prospects -- while some people (like you) think it deserves a massive premium because it is risky. This is exactly the kind of stock that will take you on a roundtrip over time -- and it has down that to a large extent already. But you still hold on to that idea that it is "on its way up" because you cannot see the illogical basis for holding a position in this stock.
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