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

To: Eric Wells who wrote (111991)	11/20/2000 12:40:42 PM
From: Randy Ellingson	Respond to of 164684

Eric, I'm never really bullish or bearish on a company, since that implies a view that the stock will rise or fall and I'm not one to make such predictions over the short term. Long term, OK: I'm "bullish" on the stock market since I expect it will continue to represent our collective ability to allocate capital efficiently, and that the returns will be better than any other reasonable investment vehicle. And I am an investor in AMZN. I expect that over the years AMZN will return above the market average. Boy is my portfolio smarting now, and AMZN has little to do with it. The market definitely throws the baby out with the bathwater at times, just as it goes the other way in very optimistic times. The doom and gloom is running thick right now. As for Amazon and me selling all shares, I believe that if they manage to become a poor competitor in their field (which they currently lead fairly dominantly based on sales growth and general effectiveness (which I realize in my assessment has nothing at all to do with profits)), I'd have to sell them. Buy.com's efforts are lackluster, IMO. Who else? Walmart maybe, but we'll have to see if they can ever sell a significant fraction online of what Amazon manages. Randy