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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ????
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To: Mr. Generic who wrote (1000)5/19/1999 7:30:00 AM
From: Rajiv  Read Replies (1) of 1196
 
Not much downside risk with BAMM even at 11 for AMZN holders taking 100-200% profits on 20% to 30% of their current AMZN holdings.



You have missed a major point. Long-term investors (in AMZN, e.g.) don't hedge their positions with a stock after it has moved up.

Yesterday's move was caused by daytraders. Daytraders don't make long-term investments. They sell and move on.

Regards.
Rajiv
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