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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: GST who wrote (144686)	8/4/2002 8:30:30 PM
From: Gary Walker	Read Replies (1) of 164684

Throughout the bull market of the 90's sell offs were followed by strong rallies. Just when you thought the bubble was bursting there was a new surge of buying. People who "missed the boat" bought after the dips were erased. How many times did this happen? It got to the point after a 300 point loss that my friends would say, "oh, it'll come back!" Just like magic, it DID come back and went to new highs. Every major drop during the 90's WAS a screaming buying opportunity. We now have the reverse underway. Strong rallies are followed by sell offs. Every rally brings hope to some that they will eventually recover their lost fortunes in the market. Every sell off saps investor morale and brings regrets over not selling when it was higher. Eventually, some of them will sell. People say, the next time the markets rally I'm going to cut my losses. On the other hand, I've got friends who say, "if the market plunges I'll just have to work a few more years." Early retirement is a DREAM of the past for many people, who just a few years ago said, "a few more good years in the market and I'm set for life!" Those dreams are gone, for now, until the next bubble.

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