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

To: Robert Rose who wrote (86149)	12/3/1999 5:45:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Robert: Ganesh asked, so I shared my view. As for making money as a speculator, sure, I am trying to do that as are most on this thread. For the week I did well early in the week going against GE but only sold half my position after having its value double in a day. I sold the rest of the position today to salvage some additional cash and went long IBM calls -- and ended up slightly on the day. As I said in the post you quoted, I am happy to see people make money off of whatever nutty action is going around -- but it is absurd to me to hear people justify what they are doing based on silly arguments as I mentioned in my previous post. Net stocks are so far from any concept of 'intrinsic value' that the only things that matter are the dynamics of the mania -- which will end, as all manias do, badly if you are unlucky or dumb enough to play the game one too many times or to stick around too long -- a sincere good luck.

To: Robert Rose who wrote (86149)	12/3/1999 8:07:00 PM
From: Libbyt	Read Replies (1) \| Respond to of 164684

ASDS... I bought more yesterday, and today. Now...about 2/3rds of my position in ASDS is at a lower cost, and the last 1/3 at a higher cost. I hope to hold, and only sell the last 1/3 in 2000. My goal for the year 2000 is to try and become a long term "buy and hold investor"! I bought AMZN in 10/97...my first purchase in the stock market, and later sold for a "huge" profit (I thought it was huge...LOL!) in 4/98. That is a good example of why buy and hold would have been a much better idea! Those shares would have split once 2 for 1, then later 3 for 1, and latest split 2 for 1....However, holding too much money in just one stock would have made me nervous! Libbyt