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

To: Victor Lazlo who wrote (144711)	8/4/2002 11:24:34 PM
From: GST	Read Replies (3) \| Respond to of 164684

Victor: "I guess they had the last laugh" -- ya, we called it "cash on the sidelines". I always laughed when I heard that. The tech investor would always say "what choice do you have but to buy stocks no matter how high the price"? Well, aggressive tech investors have lost their family jewels in a painful ordeal -- for them there is little to do but sit and hope they will grow back. Biologically speaking, that seems unlikely. For the "average" person who was better diversified through mutual funds, it is not too late to leave in disgust with their private parts bruised but still attached to their body. I don't know if there is a real estate bubble or not, but there is a lot of interest in real estate instead of stocks -- real estate, like gold, is positional. Positional goods are inclined to form bubbles -- who knows where we are on that score with either real estate of gold. As for tech, it was once positional but now it is not worth the paper the stock is written on. It is not positional. There is a glut of tech stock and nobody who wants to own it.