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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.11-0.1%10:35 AM EST
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To: Robert Rose who wrote (27361)11/20/1998 1:13:00 PM
From: Robert Rose  Read Replies (1) of 164684
 
Decided to take more money off the table today. Missed the early morning highs because I was offline for 45 minutes. Believe that this is the last note of the inet swan song for about a month. Plan to reinvest heavily at that time.

AMZN - sold entire position at 169.31250. May regret it, given the rabbits Mr. B has been pulling out of his hat. But agree with one poster who said that he may not have too many bullets in his barrel at this point. Gee, I may be an azmn bull, but I'm becoming a darn cynical one. Thanks Rob S.! :)

AOL - sold half my position at 83.50. Love the stock but just had to lock in the excellent profits. Still holding half should the sector not retrace in Dec as I expect it to.

EBAY - sold half at 144.00. Same rational as above. Never tripled my money in a short month, at least that I remember. Love the stock, but feel that all the positive news is out until earnings. Should be heavily reinvested at that time.

BRCM - sold entire position at about 90 (don't have exact figure handy). Same rationale as with AOL.

CMGI. Still holding all of it. Now my largest holding by a factor of 3 to 1. Love the stock, love the company, it's basing now, ready to take off when it announces the first of its long stream of 1999 inet ipos. Could happen any day now, expect it to happen before year end. 1999 will be a stellar year for this stock, just as each of the last few since it went public.

Now 2/3 in cash. Time to take a breather and reassess, as Mr. Harmond has said.

Looking forward to 1999!!!!

Rob
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