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

To: Randy Ellingson who wrote (81265)	10/20/1999 6:06:00 PM
From: GST	Respond to of 164684

Rnady: "I think I'd suffer from significant stress if I didn't own these stocks! I don't worry about the market going down half as much as I'd worry about it going up if I didn't own any companies." I believe this is THE sentiment now -- people are afraid not to own stocks. There is no fear. There is no risk premium in the price of stocks. I have trouble understanding why you need a 40% drop to cover commission and taxes -- some people buy and sell with less than a 40% swing. As for when to buy? I will buy most of the techs when they are half price. I will buy IBM a little sooner -- say $80. As for your whole list, I don't do this for free :) -- just kidding, of course I do it for free or you would not be reading this. I would suggest a compromise -- sell part of your position. You are a long term investor. Average in and average out. I would sell MSFT here because they reported earnings and because of the decision come Friday -- but of course it could cut either way. BTW, have you noticed bond yields lately? I would be a buyer there between 6.75 and 7%. Good luck.