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

To: Robert Duncan who wrote (9588)	7/9/1998 12:43:00 AM
From: Olu Emuleomo	Respond to of 164684

Hmm... Didn't they follow a similar strategy with Iomega? I remember reading an article some time ago that "the fool made a great call on Iomega.. the only trouble was they forgot to tell you when to sell." I thought that was quite a striking statement. Applying that logic to Amazon, it is almost like they are faced with ANOTHER Iomega situation (i.e. ungodly gains over a short time) yet instead of taking money off of the table they are just sitting on it. Do they really think that at 108 this is absolutely THE BEST place to keep their money? I don't know, I just get the impression that they have convinced themselves that they are such great stock pickers (Taking out the AOL returns, just how great have they been?) that their picks with always go up and once a decision is made they stick with it. I really hope this stock corrects down to 30 or less so I can read about their "long-term market beating" performance. You are so right! My prediction is that AMZN will become another Iomega for them. If you have been following them for a while, you will remember a stock called ATCT that they rode down from about $24 down to $4 or so. --Olu E.

To: Robert Duncan who wrote (9588)	7/9/1998 2:33:00 AM
From: mchip	Read Replies (1) \| Respond to of 164684

Yes I agree the Fools are being foolish. but they are sticking by their investment style- buy and hold. It's a great strategy for people who only want to look at their investments for a few hours a year, for those that look at them for a few hours a day... it's crazy. I like the Fools, I've learned lots from them, but on this one they are foolish. Amazon is not a 'high quality' stock. Yes.. I don't think they will go to zero, but they will not see the loyality that grew AOL. B&N books are cheaper, Borders will compete soon and it's much easier to switch where you BUY stuff than to switch access providers. The Fools have 580 shares at a price of $19. I'd sell 480@107 and let the 100 ride the long term, and use the $42240 profit for something new(480@107 - 480@19 = $42240) those Fools are crazy!