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

To: GST who wrote (143958)	7/19/2002 2:29:49 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

You are risk obsessed. It doesn't make you a bad person.

To: GST who wrote (143958)	7/19/2002 3:45:53 PM
From: Gary Walker	Read Replies (1) \| Respond to of 164684

Historically, investors have profited from rampant speculation only to lose it all in the great correction. Money isn't the motivation that leads men to take large risks, make large gains, only to lose it all. It's the ego that gets in the way. It's the thrill of the hunt and not the killing or hunger that drives men. Knowing the difference between the two is key to keeping your head and your profits. Someone once described AMZN as "bullet proof." As we've all seen NOTHING is bullet proof. There are thousands of stories about greedy executives and investors who didn't cash out when their options or stocks were worth millions. The wise ones took the money and ran. Taking risks when testosterone levels are high is a receipt for loss carry forwards.

To: GST who wrote (143958)	7/20/2002 4:48:13 PM
From: Gary Walker	Read Replies (2) \| Respond to of 164684

Ding! And you win the prize! Your post does an extraordinary job of pinpointing the total weakness of William's investment strategy. The shame of it is that he KNOWS the difference, but steadfastly clings to illogical views. The first time I played video poker in Vegas I had a straight flush. I didn't realize my good fortune until later. After reading a short book on the subject I conclude there's no way I could win and that the game was pretty lame. Why is it then that there are thousands of video poker machines in Vegas? 1. because some people are just plain dumb and 2. the smart ones know the fallacy of the gamble but do it for the thrill anyway. People like William do it for the thrill. They hit the Royal Flush and then proceeded to drop quarter after quarter until it's all gone. Then they slam us for not demonstrating the same self-destructive tendency.