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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: Glenn D. Rudolph who wrote (55170)	5/4/1999 11:54:00 PM
From: Randy Ellingson	Read Replies (1) of 164684

Glenn- I just bought some AMZN and some VTSS for my mom's IRA yesterday; the AOL went into her portfolio a couple weeks ago when it dropped 30 or something to ~ 112. She's now fully invested, which is always my strategy when I can find good companies to buy for the long term. Things will really be difficult for the buy and holds when they (we) face a year or more of down-to-flat market conditions. Then only if one has good companies will one do OK. I still think that both AOL and AMZN (among many others) have time on their side; I mean that they'll continue to grow at a remarkable rate despite any economic bumps, and as they do, their valuations will continue to increase. Also, as months of generally good economic conditions go buy, more people will want to own these stocks -- buying pressure builds as the stocks drop or go sideways. We'll see if William's predictions of new highs comes true for Yahoo this year. That would put it at ~225 I believe. Randy

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