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

To: Jan Crawley who wrote (69180)	7/23/1999 1:13:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 164685

<< I think that "people buying net stocks" are "thinking" that it will go up a lot and people shorting are thinking that it will go down for a qucik$$. IMHO, there is nothing noble or rational about buying/shorting the net stocks, so I don't seek justifications. >> Jan Lets look at it this way. When MSFT, INTC, CSCO, GMST go down 20% I never fret. If I have spare money in my account, I buy on what I perceive to be "dips". I am sure(as I could be of anything) that these stocks will _eventually_ come back up and see new highs. OTOH, if I had a net stock that's down 20%, I would only think stoploss. The reason for that is that I can't justify their valuations, so I can't as a rational person assume that they will come back up one day. (concrete example: AMZN's high was 221. It may or may not reach that _ever_. If you bought it at 221 would you still hold it?). regards -p

To: Jan Crawley who wrote (69180)	7/23/1999 1:15:00 PM
From: Eric Wells	Respond to of 164685

>>Eric, ask youself, "why should I put $100 into a slot-machine"? You are very right. I even consider my short positions a gamble - and I will cover once I obtain a small profit (or incur a hopefully small loss). And I sometimes ask myself why I play the game, because I don't much like to gamble - but I guess I want to make money too (like everyone else seems to be doing). And I certainly don't claim to have any monopoly on "rational" thought - one might claim that my purchase of Yahoo in the 220s in April was a bit irrational (I sold in the 170s) - wish I had been in a shorting mood that day. Thanks, -Eric