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

AMZN 226.20

-1.8%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (51161)	4/18/1999 9:41:00 PM
From: Jing Qian	Read Replies (1) of 164684

Everyone could miss the picture, including me. When I bought ATHM, I may hate AOL. But AOL could still win big. So I bought them all. I don't want to lose the opportunity because of my own lack of vision. The future can be sarcastic to all of us. The company we least appreciate may turn out to be a big winner. The company we most admire at the time of buying the stock may turn out be a trash a few years from now. Haven't we had enough of such lessons in the past? So, we must diversify. We don't want to guess wrong, no matter how confident you think your decision is, you may be terribly wrong a few years from now. We don't know how big and how powerful Internet is really going to be. The reality can surpass our limited vision. So what I advocate is, don't put all money in one basket. Buy all the top leaders, if you are lucky, you will catch one or two super winners. That $10,000 (not much) you invested in it can become a million. As I have always preached, buy and hold all of them.

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