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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Ellingson who wrote (68864)	7/22/1999 12:38:00 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 164684

Randy, I have been 100% invested for 10+ years, with my primary positions during that time being msft, csco, orcl,cpq, intc, amat, vtss, emc, and I added qcom to that crew about 5 months ago. My average hold on these was 4 years, with msft being the longest. I no longer have amat, orcl, cpq, or intc. What I was referring too is that I often trade on top of these positions using a lot of margin and try not to confuse the trades with the investments. My recent trades have been awful. Damn awful. I need to leave the party and just hold my investments. The best thing that could happen is that this becomes a big wash-out, allowing us to buy gorillas at compelling prices.

To: Randy Ellingson who wrote (68864)	7/22/1999 3:50:00 PM
From: Tom Kearney	Read Replies (1) \| Respond to of 164684

Randy, I also have great respect for the Motley's. But, I have a slightly different take on the tech market, which I have posted before. In addition to substantial long term positions, I believe great short term profits can be made by trading into the volatility. The tech volatility comes from the fact that most investors are non-technical, and therefore most investors are ultimately suspicious of tech stocks. The market will ALWAYS OVERSELL in perceived bad times, because the non-techs want out. But, they will have to come back because the great tech stocks are far more profitable than most anything else (see MSFT gross margin +90%, INTEL manufacturing gross profit near 60%, CHKP net margin 40%, etc) Also, in many tech areas, branding is incredibly and there are many near natural monopolies. (If MSFT isn't a Buffett toll bridge, what is?). So, the tech investor has a great opportunity, to amplify his earnings, by playing against these trends, especially in a non-taxable account - ie IRA. My natural long term outlook has actually prevented me from taking full advantage of this situation. With discipline, I am trying to overcome this. From last July I was Jul +75%, Oct -5%, Dec 31, +90%; I want to remove Oct and be +150% in Dec 31!! Regards, Tom