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

To: HG who wrote (73538)	8/12/1999 11:19:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

Well at least gst and kissy and the other bears here are willing to discuss their pov with the bulls. Ever been to the bear threads... they talk among themselves but go off the deep end on things like gold and market meltdown fears... of course they do it because some of the threads like Dell are way too bullish but you need both sides to have a healthy discussion... well a discussion anyway in the case of kissy... <gg>... make that a rant

To: HG who wrote (73538)	8/12/1999 11:34:00 PM
From: Eric Wells	Respond to of 164684

Happy_girl - didn't mean to be contentious in using the term 'flack' - it just seemed that GST was stating what I thought was a pretty plausible position - and well, I guess I just wanted to let people on the thread know that I share many of the same concerns that GST has laid out. I can't help but feel that we've gotten ourselves into a speculative bubble with this market. I've always felt there is no such thing as easy money (it's never come easy to me) - yet, it seems that a lot of people have made easy money in this market. And so therefore, I'm inclined to think that something in the market equation is out of whack. Case in point: seeing RHAT, with uncertain business prospects, catapult to a $5 billion market cap on the second day of trading - or MPPP jump to a $4 billion market cap on the first day of trading with no real sales. This volatility is good for some investors - if your on the right side of the trade. But most people aren't. And when enough people lose enough money, then people will start to pull out. I lost enough money when I bought YHOO in the 220s and AOL in the 160s - sold YHOO at about 170 and AOL at about 135 - sustained big losses on the trades in doing so. That was enough to convince me that believing in the price targets of the Blodgetts and the Meekers of the world would not necessarily lead to financial prosperity. So, I pulled out, and have maintained a largely cash position since. And I see others doing the same. And if enough investors do this - then the market bubble will either float back down to earth - or burst (I hope it's the former - but I sometimes fear the latter). Anyway, I'm glad that people do have vastly different opinions on this forum, as it definitely makes for an interesting read. Thanks, -Eric

To: HG who wrote (73538)	8/13/1999 12:15:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

Actually happy my first post here was on the day that AMZN hit 199 -- don't remember the exact date, but it must have been around the end of January or early February -- and I was saying don't get suckered because it has peaked -- and it had. I made post after post saying the trend is down -- and of course it was true although there was lots of howling about me being negative. It made a run down to 84 two days before options expiration and I bailed -- deciding enough was enough for the time being. I said I expected a rally and we got one. As we approached 'earnings' reporting time, Sarmad and I had a long discussion about the next peak which we expected at earnings. We saw 221 the day before earnings and now we are down 60% or whatever -- so all and all I don't think I have been too far off or just crying wolf -- pretty much on the money if I must say so myself. I remember what you did not like was my contention that AMZN is not a stock you can count on in the long run to make you money cause it has the potential to go bankrupt -- and I stand by that remark cause I believe it is possible. You bet me something to do with eating a hat etc. -- so I have been negative on a pretty crappy stock -- whats wrong with that?