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

To: Eric Wells who wrote (73953)	8/15/1999 10:54:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>The first thing you do when you buy a company's stock is make sure it has the ability to generate the profits to justify it's stock price Absolutely!!! That's why I bought Amazon. I just don't need the profits today. That's the leap that causes all the argument here. Since it's my money, I'll make that decision, and I can defend it. When I was 20 I had the chance to buy a money-losing FM radio station in San Diego for $120,000. I knew it was cheap, but I was too young. KIS was all over us on June 14...two months ago...to sell our long-term investments at 90 and go short for the best part of the collapse. Two months later the stock is now over 97. Two months of headline making decline in the Internet stocks (July was the worst month ever for the group), and my portfolio is up during this two month period. Buy and hold, Eric, and never make a decision you can't defend.