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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 225.40-0.3%9:42 AM EST
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To: cellhigh who wrote (26329)11/17/1998 11:25:00 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 


glenn,i'm sorry but i dont trust anyone with my money,espesially
someone who has tried to short some of the the most profitable stock
runs in the history of trading.
does the phrase stopping a freight train come to mind??

cellhigh,

I am certain you meant nothing degrading by your post. I did short this stock based on fundamentals. My point has been and still is that the company will fail. The fact the street became enamored with this thing has nothing to do with the end result.

I was not asking you to trust me with your money. I have never asked anyone to do that. I take risks with my money only based on what I believe to be the best move. If the market moves against me, that means I did not predict the market well and the one that financially suffers is me.

I am stating unequivacally that AMZN will not be a viable buainess. I stated this nine months or more ago. My expectations of their fundamentals have come true perfectly. That was my only point. AMZN is done. They will drop hard next spring and go out of business not more than two years thereafter.

I likely will close my short later today and wait until January to short this again. The market does not realize the failure as of yet.

Please do not take any of my post to be a suggestion on how one should invest their money. That is not my intent.

Best of luck.

Glenn
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