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

To: GST who wrote (131567)	9/21/2001 9:43:38 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I believe strongly in stock ownership. I think long-term it is the best place to invest -- but I believe with equal conviction that it is foolish to buy at grossly distorted prices and so there are times to cut back on stock ownership. I have said that consistently over the past two-and-a-half years. I believe I said I am a "valuation bear" not a "perma bear". If stock prices come down another 20-30%, This is fair enough. We should be moving into "fair value" at some point. I do not know where that point is so put a very little bit of money into the market. I already stated I can't call the bottom and refuse to try.