Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.27

+0.3%

9:41 AM EST

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To: Lizzie Tudor who wrote (144656)	8/4/2002 12:52:28 AM
From: GST	Read Replies (2) of 164684

For the average mutual fund investor how much do think they are down? 30-40%? Its only the "true believers" who were dumb enough to put all their eggs in the technology "leaders" and end up down 80-99%. I think there is likely to be a fear stage -- fear on the part of the average investor of ending up like the technology investors. If the economy is weakening instead of recovering, given current valuations and uncertainties, the logical thing to do is sell. Even more rational for foreigners who face added currency risk. Maybe fear is the logical response at this stage of the game. Maybe dumping all your stocks IS rational behavior.

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