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

To: Eric Wells who wrote (86294)	12/6/1999 11:07:00 AM
From: Randy Ellingson	Read Replies (1) \| Respond to of 164684

Hi Eric, Again, as I stated in my post, certainly someone can adhere to a long term hold strategy of investing and be concerned that the market is over-extended - do you disagree? Aren't you ever concerned about risk? Or is your faith in the market so blind that you could easily never read the news or look at the indexes again? I disagree. Unless there is some short-term need for the money, a long term holder of a great company has no reason for concern. As for my concern for risk, I realize that my money is at risk when invested in companies' stock. There's risk that the market will drop and stay there for ten years or more; there's the risk that one or more companies I own will fail to execute; there's risk that I'm wrong about the future importance of a company, and that the future will unfold very differently than my vision of it. I've sold stock at a loss before, and I've sold stock for profit. Mostly I hope not to have to sell anytime soon, but sometimes I change my mind about an investment. As for blind faith, I don't rely on the market going up or down. I don't think about it, other than to file away just how manic the market can be both up and down. And to be wowed when it does take a ride one way or the other. Perhaps, this is what you meant - is it? No, it has nothing to do with any particular industry, or any particular person. The world is always changing, and so anyone interested in investing for the future should try to understand as much as possible about what's happening now to change the face of an industry. BTW, there's a huge number of Internet and b2b stocks which will prove to be overvalued. AMZN, however, I'm not sure there is a price I would pay - you see, I don't really believe in the company, and as such it would be difficult for me to buy their stock. Which part don't you believe? That they can make a market-cap justifying profit within x years? I think their monetization of their customer base will be clear in a couple years, and their market cap will rise even in that time frame. Not referring to YHOO and AMZN, but do you agree that stocks of great companies always appear overvalued? Randy