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

To: Glenn D. Rudolph who wrote (8715)	7/3/1998 10:24:00 PM
From: Mike M	Read Replies (2) \| Respond to of 164684

<<Good luck to you! Please stay long Amazon for years to come. I suggest you invest every dollar you have in Amazon stock on the long side and even go on margin. It is a no loss situation;-)>> Glenn - You are a class act....I enjoyed this post as much as any I have seen lately....Here is hoping jawd breaks even soon..... Mike

To: Glenn D. Rudolph who wrote (8715)	7/4/1998 12:13:00 AM
From: jawd	Read Replies (2) \| Respond to of 164684

Glenn, You seem to be quite slow on the uptake. It took you 24 hours to think up that witty (NOT) response? That's the best you could do? You couldn't even admit your mistake? All your arguments, your reasonings, your due diligence, your theories; nothing can change the fact that you were completely wrong - 100% wrong. You were wrong to do what you did. You were wrong to encourage others to do the same. You were wrong to listen to others telling you to do what you did. You were wrong. Period. Admit it. I say you are slow because numerous times I've made it clear that I do not advocate taking a long position in AMZN and I never take positions in AMZN for more than a few minutes. You also need to understand this simple fact: A trader must be humble - those who are not humble get cut down by the market. You need to develop the quality of humility to survive in the market. You and all your friends can try and poke fun at me, but you are the ones who lost a fortune through swallowing each others bullshit arguments. If any of you had just for one second seriously considered the minority voice on this thread, instead of following each other like lemmings over the cliff, you would have saved yourself considerable grief. In the last two days, your arrogance has cost you another 25% loss; and the next two trading days may cost you another 25%. You had the arrogance to call me "Jerk at work daily" simply because I said I was taking a rest from this thread because in my opinion the arguments were going around in circles. Anybody who doesn't agree with you is a jerk or a fool. Learn some humility if you really want to be successful. Understand that a man doesn't need a degree to be successful in life and business. There are many like me who can teach you a thing or two. In 1990, The Economist called me "Britains Software Star". My basic salary before I retired at 35 in 1990 was $300,000 p.a. Based on my business achievements in life I could walk into virtually any business school in America and pick up a degree just by filling in an application. But I didn't need it in the past, and I certainly don't need it now. People go to Harvard to learn to do the things that I've already done in life. Why do I need a degree? To prove what? I am probably far more qualified than most of the teachers and professors in the business schools. You think I'm a fool who will get wiped out with AMZN? This fool has 95% of his money in US Treasuries on a seven year ladder. I play day trading with the other 5% (about $200k). I learned my lesson already by losing $100k in a day as I mentioned before. I was humbled. I never blamed the market or anyone except myself and my inexperience. Now I'm a much better trader. Every day, I make a minimum of $1000 which equates to $240k/year (in addition to my T-Notes income). I'm not greedy, when AMZN went up $14 in a day, I just made my regular $1000+ and I'm happy with that. Sometimes I make more without really trying, but I never make less in a day. If I make a loss during the day, I accept it and move on to come out on top before days end. Is there any chance at all that you are really listening??? You call me a jerk for trying to help you save a small fortune. Why am I saying all this? Not to profit myself, but maybe to teach you some humility. You never know who you are talking to. You should treat everyone with respect. Just in case you are not fully convinced already: When this jerk sold his company for $20M - he legally never paid a cent in tax of any kind. Something accountants claim is impossible. I found a legal way, with advice from Price Waterhouse to keep every cent thus saving millions. How many people you know have managed to do that? If you learn nothing else learn this: The humble will be exalted and the haughty will be wiped out. Its a fact of life. To satisfy your curiosity jawd stands for: just another white dude. (nothing racist intended - just a fact) Do you understand anything I've said?