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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.35+0.4%Jan 9 9:30 AM EST

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To: JOHN W. who wrote (45542)3/13/1999 7:27:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 164684
 
Lets see Glenn and now impristine are long on scanazon as the techs crumble, and the
internets are falling. You guys are getting burned both ways...


John,

That is an interesting comment. I was short all of last year as AMZN went up and I lost a lot. Now I just play long on pullbacks and when I see AMZn is trending up. That is true with YHOO and AOL although AOL is not as volatile. All I leaned last year was do not fight the tend and I am finding that I am making a lot of my losses back. I have a ways to go but patience will do the trick.

You might learn something from my lesson. I paid enough tuition for an entire class. I am not a believer in AMZN long term or short term but that no longer matters. I do believe that the Street believes at times so I play long when the trend is up. AMZN is not a core holding. I surely do not love it. I do like the money that is coming back into my account when I go with the trend and not against the trend.

I know Bezos is rich now. I personally believe it is wrong but I have no control over this. Blodgett is still a kid without much experience in my eyes but I do not know much about his background. The fact remains is the Street follows his calls as they do Mary's and others.

You do as you wish but I would not call me an AMZN bull. The stock price of AMZN is not crumbling and I believe I just explained why.

Glenn
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