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

To: umbro who wrote (10314)	7/14/1998 12:09:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Gary< then some investors will buy AMZN with a longer term outlook> I agree, but you forgot to add, Mary Meeker @ Morgan StanelyDW.

To: umbro who wrote (10314)	7/14/1998 12:46:00 PM
From: SimpleInvestor	Respond to of 164684

There is one here. I am not related to Motley Fool. But I bought 500 shares of AMZN at $19/sh (before split) shortly after IPO and has been holding since then. Bought another 500 shares at $54/sh in June and sold them at $120 after it hit $140 on the way down. Now I am still holding my original 500 shares for long term, for the following reasons: 1. I bought it at way too low price. 2. I didn't see any reason short term this company will go down significantly. I mean, the reason that this company has been go up is still there (revnue up/internet future etc). 3. It seems to that there are too many people bearish on this stock and I thought that to be on the side of the crowd is probably not a bad idea, definitely better to be with the crowd. I will sell when I actually see the revnue of the company is not growing anymore. Cannot/do not want to argue whether it is good to buy this company at current price. Good luck to all longer and shorter. SimpleInvestor