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

To: Eric Wells who wrote (104129)	5/26/2000 2:08:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

Eric, ICGE is currently back to its August 24 price. You would have been inihilated.

To: Eric Wells who wrote (104129)	5/26/2000 4:38:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

I feel compelled, though, to add something here. I am in total agreement with Sarmad's assertion that some of the run-ups in new economy stock prices that the market has seen over the past two years had much more to do with momentum or "herd" investing, than with investing on any informed and objective analysis of business prospects. Because of my inclination to believe this, I stayed away from going long many of the new economy stocks. Agreed and I did the same. Yes, I admit, I did go long some stocks from time to time (I even bought AMZN once) - but if I add up my gains from being long these stocks, my returns are nothing to write home about (except for MSFT - although I don't really classify MSFT as a new economy stock). Neither are mine although MSFT was not an issue for me. While some on this thread have made a lot of money in new economy stocks, it's probably due to getting into a few key stocks very early. I have several friends that have lost a lot of money this year - from investing only in new economy stocks - and for those friends that have revealed the details of their losses, most have indicated that the losses this year have set them back one, two or three years (in one case, much more). I know someone close to wiped out. Is William or Eugene the cause of this? And I must add something else here. There have been times that I have posted trades to this thread that involved shorting new economy stocks (I now try to refrain from posting my trades) - and I recall taking some heat for going short these stocks. I recall one time when I posted last summer that I had shorted ICGE at a post-split price of about 140 - and I was essentially told by one participant on this thread that I was crazy for such a trade. Crazy? Why? Because I failed to recognize the fundamentals of ICGE? Or crazy because I was trading on fundamentals? Regardless, I covered at a small loss - but with ICGE at 25 today, I sure wish I had held the position. I was called "cementhead". I suspect William knows who called me that. I covered my AMZN short close to its all time high but is that William's or anyone's fault? It is someone's fault. It is mine. I should have had a max pain on that or any position. None of this is the issue. The issue in my mind is that there are personal attack name calling going on. What is the cause? Do the people that made a lot of money on the run-up deserve that? Did they "steal" money from others? Do we know thses stocks ar not just taking a breather and many will return? Clearly, many won't. We do not know this. We have had a down trend for 60 days so apparently that makes all those that played these stocks long fools? I have a small long position in AMZN. I hate AMZN. I dislike management, the VCs, the analysts, the method of accounting, you name it and i hate it. For some reason institutions continue to accumulate AMZN share even as the insiders sll more and more stock. Is it possibly I do not understand the fundamentals? Glenn