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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: Lizzie Tudor who wrote (57627)	5/20/1999 9:51:00 PM
From: Gary Walker	Read Replies (3) of 164684

AMAZON supporters are like the builder of the Titanic who said she can't be sunk. Just because you've made money in this "Thing" don't think for one second that you understand business any better than or that you're smarter than the next person. There are plenty of competitors to go around and when the panic really ensues nobody will stop it. Commodity businesses are the toughest to make money as is demonstrated by Amazon's track record. Eventually the market rookies will learn what it takes to stay in business and it ain't glitz at conferences or speculative fever, it's profits pure and clear. Let's not confuse blind luck with understanding of business basics here. You and William have no some special insight into business. I maintain that you are lucky, pure and simple. You've been the "victim" of an unprecedented speculative wave that's way out front from reality. Say that you've made lots of money because you understand the Psychology of investing better than the rest of us. Heck, say you're lucky and I'm happy for your success, but skip the stale "you don't get the new business model" crap.

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