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

To: John Donahoe who wrote (74986)	8/21/1999 11:00:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>Not a mania. It's high risk speculation in a revolution.<< John, very good. It's these never seen before market caps that has really stopped me from ever putting these I-nets into what I call my core holdings. Now, since they've all lost half of their values, and the volatility seems based upon interest rates ( I'm very surprised that the lack of fundamentals appear to longer be the concern), I'll continue to have a downward bias. Taking little bites when it seems appropriate and always using max pain. I got out of eBay @ just the right time @ the getgo yesterday. It was pure luck, but I do give myself credit for using max gain most of the time. I kinda wish I'd also had the balls to ride these I-nets up on the upward swings, but why should I change when this strategy keeps working? Ps I shorted Mot the other day. Max pain there will be 94. Trust me on that.

To: John Donahoe who wrote (74986)	8/21/1999 1:37:00 PM
From: Eric Wells	Respond to of 164684

John - thanks for your reply. >>Apples and oranges. A better comparison may be AOL. How is comparing public statements by Microsoft's CEO to Amazon's CEO like comparing Apples to Oranges? Yes, they are two different companies in two different sectors - but my comment wasn't on their businesses, but rather how their leaders make public statements. I believe the comparison is very relevant. >>They walked out there with their eyes wide open. >>No one put a gun to their head. My main concern is that I don't feel Bezos does a good job of articulating all the risks. And in the absence of articulation of all the risks, you have unsuspecting and unknowing investors who listen to Blodget pump up the stock price - and they buy at high levels only to see the stock fall. You could say these investors are foolish and deserve to lose money because they don't do enough research - and that may be true. But if enough of these investors lose money, our economy as a whole suffers. >>It's high risk speculation in a revolution. You call it "high risk speculation in a revolution" - I call it "mania". Your use of the word "revolution" lends credence to my concern about over-optimism. Thanks for your reply - and I welcome your comments. -Eric