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

AMZN 233.95

+0.3%

3:59 PM EST

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To: F The who wrote (6960)	6/21/1998 11:20:00 PM
From: Tom D	Read Replies (2) of 164684

<<<The game is not over yet, so hang in there! I don't know what Dr. Tom would say.>>> Dr. Tom would say....I honestly don't know which way this is going. Some of my friends are a little miffed that I didn't try to persuade them to buy in at $30 a few months ago. But I thought the risk was too high. Its one thing to let profits ride with a mental stop at half the 52 week high. If I sell at forty, I've got a nice 3 1/2 fold profit. It is another issue altogether to buy in at these prices. Glenn is right that if it was a good short at $45, it should be a better one at $80. But I have to question the wisdom of choosing to short a concept stock. I thought CDNW was a nice short and got my father to do so in the low 30's. (My money is tied up). I think there must be other internet stocks that don't have such apparently staggering upside potential which seduces so many investors. I have never lost money shorting biotech stocks on good news. That industry is pathetic--dominated by traders--most everything sells off after good news. But it is too technical for most people outside of the field. If you bears are mindful of the risks, you may do quite well shorting this stock. Hopefully you'll get a nice pullback. I'd be happy to see you get your money back. And please understand that I don't pretend to know more than you. My personal history as an investor has been a mixed performance. We all are faced with evaluating contradictory pressures on this stock and we have to weigh them and pay our money and place our bets. Because I did not see a lot of discussion among bears on the thread about the risks in the bearish strategy, I have been wondering about things like thoroughness and openmindedness. But I am now much more comfortable, now that you have listened to my worries about you all. I do think we need to share information and perspectives and differing opinions. Good luck to all, Tom D

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