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

To: Rob S. who wrote (9583)	7/8/1998 7:58:00 PM
From: J.S.	Read Replies (2) \| Respond to of 164684

Rob, The logic is hardly irrefutable, albeit there is hardly any logic there to speak of. Whether it is rational to hold at these prices (let alone buy and hold....gasp) should be based on the underlying fundamentals of the business. If a stock price has 5 years worth of good news (which may never come, btw) built in to it, then perhaps the risk/reward of holding it is not very good. Joe For another view from a Yahoo!: Motley 1: Let us buy this stock for it will surely triple in 10 years. Motley 2: The stock that we have bought has tripled this week and this after doubling in the past six months. Our target for the next 10 years has been reached, my fellow honorable and distinguished Fool. Motley 1: The long term business prospects have not changed dramatically and indeed the stock may lose half its value in the near term. Motley 3: Would it not be better, my fellow comrades in Foolery, to sell now and put the proceeds in bonds earning a generous return with the capital preservation we all so desire? Surely in ten years our total return on our initial investment will have vastly exceeded our initial expectations and will have outperformed those who held this stock through the ups and downs of markets and all the growing pains that are sure to accompany this fine company of ours. Motley 1: No Motley 3. We will hold on. We buy and hold. In the long term the market goes up up up. Even if the stock goes down 60% it will recover most of this loss in the many profitable and joyous years of Foolish investing. Motley 2: Hear Hear! Fool on! Motley 3: Fool on! Fool on!