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

To: Victor Lazlo who wrote (107067)	8/11/2000 11:23:00 AM
From: Glenn D. Rudolph	Read Replies (4) \| Respond to of 164684

I agree, but ... they have a combined cap of 15.7 billion- in this mkt, you think that is undervalued? Maybe I have sour grapes, but the way phcm fell back in the week after its earnings announcement tells me the mkt thought it was above fair value at 104. Victor, I learned a hard lesson. It does not matter what I believe regarding the valuation of a stock. All that matters is what I believe the market believes and do I guess the market correctly. My results in the early 90s most matched the market in general. When I shorted Amazon and did not buy other speculative plays, I lost a lot of money. This year in a market that is not great I am up 30% again as of yesterday's close. I don't claim to be good at this. I only claim to have learned to go where the money in the market is going. Glenn