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

To: Olu Emuleomo who wrote (73217)	8/11/1999 1:33:00 PM
From: Eric Wells	Respond to of 164684

>>BTW, its too late to be SHORT inuts.... Olu - you may be right. I've done pretty well shorting over the past four weeks, and have definitely reigned in my desire to short this week. (I have just one short position - EBAY - at the moment, and a small one at that) My problem is that I feel the logic that is used to support the high prices of net stocks is flawed - that the future is too uncertain, and that risk is not adequately factored into these prices. But of course, I know that relying on such feelings is not the right way to play these stocks - that to do it right, you have figure out which way the "pack" is going to go, then get there before the pack does. And perhaps, this is a good enough argument for me to keep from taking any position in these stocks at all. Thanks, -Eric