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

AMZN 232.93

-2.4%

Feb 4 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (54489)	5/1/1999 3:23:00 PM
From: John Donahoe	Read Replies (2) of 164685

RE: I think the "forever long" amzn investors will watch with dismay as their prize pig gets sliced into pork chops. Very likely they will average down at 160, 120, and 80. That last one might work, if the funds get back in at that point. What can take amzn up ? I wish some of the bulls would post about this. Because I can't think of anything. The "forever longs" as you call them, will buy at 100. At least I know that I will. The longs look at top line growth. That is what will take AMZN up. "Forever bulls", like myself don't normally daytrade. We assume that the the stock price will fluctuate to the extremes and we will take advantage of it when it does. For instance if/when Amzn hits 100 or there abouts, I would be a buyer and then wait for it to hit another all time high. I try to double and triple my money, not pick up $5 and $10 swings. Too small for my taste. Give me the $100 and $200 dollar swings anyday. In other words I try and let my profits run. When it becomes apparent to me that Amazon can no longer grow revenues and customers, I'll bail. Losses are not a primary concern for the Amazon Bull. It really depends on how you perceive the losses. Bears see it as burning cash. Bulls see the same numbers and see it as investing in the future. The investment proposition is quite clear. Will Amazon continue their "Top Line" growth? That's the bet.

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