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

To: Bill Harmond who wrote (144048)	7/22/2002 2:42:24 PM
From: 10K a day	Read Replies (1) \| Respond to of 164684

phone.com is a mystery to me... -g-

To: Bill Harmond who wrote (144048)	7/22/2002 3:09:10 PM
From: GST	Read Replies (1) \| Respond to of 164684

"Discount that" You still hide behind the "new economy" nonsense and claim that valuation metrics are impossible for these stocks -- you don't even seem to understand the concept of "discounting risk". It basically means, to the extent there is risk, substantially lower your expectations. Where there is extreme risk, recognize that the odds of losing most or all of your money is very high. You as an "investor" have no means whatsoever to offset this risk -- your crap about public venture capital is just that, crap. You do not have any of the insider information a VC uses to control for risk. And you will almost inevitably get in a price that reflects all the dirty deeds that other speculators have already performed on the stock to inflate its price even if you buy at the IPO -- especially if you buy at the IPO. As for your ability to diversify -- well, to put it bluntly, you are not diversified at all. You think 10 highly correlated stocks are a "diversified portfolio". Its a joke. You have ten strings tied to the same rock. Good luck. But spare us the claims of being more "risk tolerant". It would be closer to the truth to say you are 'risk ignorant'.