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

To: Sarmad Y. Hermiz who wrote (108017)	9/6/2000 8:11:10 PM
From: Gary M. Reed	Read Replies (2) \| Respond to of 164684

Sarmad, Thanks for the good luck wishes. -g- My cost basis is indeed high...as far as "max pain" stop-loss limit, I used to run the OTC desk for a small Southern-based NASD-member firm, so I fully understand how the game works. Hindsight being 20/20, of course I wished I'd covered back at $30...but when the shooting match is all over, it's not going to matter. Bezos is out of PR ammo...watch the rats flee the sinking ship once she once again starts taking on water. FWIW, I also worked as a gaming analyst during the gaming frenzy of '92-'93 and I have a good handle of how these frenzies unwind...this is only Round 2 of a 15-round match. The parallels between the 4-letter gaming stocks back then and the dot-com worthless wonders today are stunningly similar. Worse-case scenario, if I get my arse kicked, it won't be the first time I've bet and lost and it won't be the last. Bezos' massive PR machine in the last 30-days, while impressive, is still nothing more than (in my opinion, of course) an attempt to prop the stock up to pull off a massive secondary to pay down the debt due in 2001. If he pulls off the secondary (which he won't), it's dilution city...if he can't pull it off, it's Living.com all over again. Either way I win.