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

To: Robert Rose who wrote (120008)	3/10/2001 2:57:32 PM
From: Skeeter Bug	Respond to of 164684

robert, i'm mostly cash. my wife is mostly cash. we have a few stocks, but they are a small % of our portfolio. very small if you consider real estate investments, too. i won swtx (the management here is so piss poor that i'm sorry i'm holding this punk stock. however, even a broken clock is right twice a day and i'm hoping for a pop to get out). i own a bit of asis and a bit of mwy. my wife owns some qcom - i recall telling her in dec 1999 to sell first thing in 2000. i'm wrong a lot - but not on that call. she got greedy and paid for it. you see, 500% in 6 months wasn't enough. live and learn. both our 401ks are all cash and have been for years. except for the stocks mentioned above, my ira is all in cash, too. i am getting very interested in gztc, though. trps is getting close. vaso appears interesting, too. however, bear markets tend to "shoot 'em all and let god sort 'em out" so i'm hesitant to buy anything. i've been railing against this bubble ever since it started in earnest (1997). i've torched amzn as having a dead end business plan, from the giddy-up (i was buying puts on amzn at a split adjusted $4), based on the fact that the #1 profit contributer is customer ignorance and the net makes information nearly transparent. the result? price competition and ease of substitution will not allow for big profits. not to mention the supply and demand dynamics. EVERYONE was flooding the e-market with billions of dollars. the growth of supply was as fast or faster than demand. i've also had big issues with bill "most ethical administration" clinton and alan greenspan, aka, alan.com and alan the printer. the it miracle and the new economy are faked. guaranteed. educate yourself on how hedonic pricing and chained weighted dollars are used to double gdp and productivity growth and keep "inflation" in check - even with prices going up, up and away. alan the printer has stood watch over the greatest credit bubble in history. housing appreciation has been huge yet net equity is DOWN! debt, debt, debt. the savings rate turned negative for the first time in history during alan the printer's watch. bottom line, the drivers of the bubble were never sustainable as alan.com would have us believe. he has to know this. maybe he is caught up in the ego thing, too. i don't know. this fallout is a effect. the cause was the runup. the market was totally dislocated and now we are crashing... to reality. NEVER before in the history of the world has a bubble turned out well - and this is the biggest of the biggest bubbles the world has ever seen. if the size of the bust is nearly proportional to the boom then we will have a disaster of epic proportions. i hope i'm wrong, because such a disaster will impact folks who never owned stocks.