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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: John Donahoe who wrote (51554)	4/19/1999 8:49:00 PM
From: Randy Ellingson	Read Replies (1) of 164684

I'm not sure what you mean here. Timing for me is not critical, or even that important. If I buy a company that is a dog, I lose 100% (or how ever long it takes me to realize the mistake). If I buy a company that does well, I hold it for the long term. As for timing, I believe the real money is in owning the right stocks for many years. I've only been investing a relatively short time, but once you get a few x's under your belt on a stock, the returns are phenomenal (actually, exponential). Timing the market (or attempting to) is expensive commission and tax-wise (where applicable). Someone who bought MSFT in January of 1990 paid $1.29. My idea is to find companies that can even begin to approach those types of returns. That means that a $1 rise today in MSFT is a 77% gain on the 1990 original investment. Are you a market timer? Do you beat the market, on average? Randy

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