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

AMZN 227.40

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10:16 AM EST

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To: Candle stick who wrote (4966)	6/4/1998 12:34:00 AM
From: F The	Read Replies (1) of 164684

"Americas bubble economy" economist.com. Great article CS! I thought I re-post it if someone else who has not read is interested in. There is a good article from Dell Yahoo msg board and I thought was interesting. Not sure what to make of this but found it in one of the postings today, Any opinions? DELL investors, After 30 years trading and observing the financial markets I feel that I've learned many valuable lessons along the way. I've traded bull markets and bear markets. I've had tremendous successes and dismal failures, but with all of my years analyzing and trading the market, I've never seen a panic of this magnitude to own stock at any price. It appears that we've reached a time in history when perpetual prosperity is a given. We no longer have to fear a small correction let alone a full blown bear market. We are being lead to believe that having a 20 year horizon for investments is the normal and proper investment philosophy. After all the market will always go up over time and trying to time the markets is just plain foolish. As a student of market history and one who has been through my share of bear markets, I feel that anyone who honestly believes that the markets will go up forever are the greater fool. My purpose in writing this letter is to issue a warning. This market is topping. Those who are willing to keep an open mind and not get sucked in to the euphoria will have the opportunity of a life time. I'm speaking from experience. I was short 3 days before the crash of 1987. My trade resulted in a move of 125 times my original investment. Now I don't mean 125% I mean 125 times. $1000.00 became $125,000.00 in 3 days. If you believe it can't happen here take a look at the Japanese chart, or the Hong Kong chart, or the 1929 market chart. In every case the majority felt that the market would always go up. Trading tops is very frustrating. There are many false starts and stops, but the ultimate pay off is well worth the inconvenience. In conclusion, this market is topping and a soft landing is not probable. We're in for a wild ride and I feel that the bears will finally be rewarded. Nuff said. Fair Warning ÿ

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