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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: GST who wrote (47723)	3/28/1999 10:34:00 PM
From: Randy Ellingson	Read Replies (2) of 164684

You would appear much smarter with a little more humility -- a characteristic of those smart enough to know how lucky they really are. It is admittedly difficult for me to understand how you can say investment success derived from taking longer-term positions in Internet leaders is "lucky". The Internet's importance and the revenues attached to that importance are growing faster than any industry in history. Are you one to believe that the key aspects of this technology will be replaced by something "else" sometime in the near future? There's always risk, and valuation is difficult to assess; but look back two years, and then try looking forward ten. Will Amazon.com be "lucky" to still be a leader in Internet retail? Will they be "lucky" to find a way to turn 5% net profits? Randy

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