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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.60+1.5%Nov 25 3:59 PM EST

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To: KeepItSimple who wrote (31176)12/25/1998 7:50:00 PM
From: Gary Walker  Read Replies (2) of 164684
 
> PROFITABLE WHEN THEIR CEOs STARTED TO SELL STOCK...

Amen, Brother KIS.

Nobody blames BEZO for cashing in, although the class thing to do was commit to owning it until it was profitable. He would be stupid not to take the money and run. Heck, several other shareholders are doing the same thing. None of them believe that the company can deliver to meet the expectations based on the current stock price.

Can you imagine some fool buying the stock at this level? You can't help but worry after doing so. Tons of respected people are saying the price is ridiculous. The day after the fool buys he's got to wake up the next morning and say, "What the hell have I done?"

It's like the guy who bought gold at $900 per oz. 20 years ago.

gw
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