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

To: SimpleInvestor who wrote (10365)	7/14/1998 7:32:00 PM
From: Jan Crawley	Respond to of 164684

Therefore, all I can do, not to fool myself, is to hold on my long position of AMZN, until the reason that drove it up for the last 1 year goes away (internet fever dies, revenue grows slow down). I don't believe the theory of stop for the long. If the fact does not change, why bail out? Valuation is a subjective matter. I also owe MSFT for over 7 years and DELL for almost 1 year, for the same reason. I respect your investment philosophy, especially if Amzn does not account for the lion share of your portfolio. I have been a long, long holder of Intc, with many shares after the split. I do considered myself somewhat irresponsible if I simply ignore the un-relized gain, sort of "indefinitely", for the past couple of years. I think some of us around here are just watching the flow, and waiting for the real sellers to show up; such as the 350K shares filed two days ago from Amzn's book suppliers. Tight flow and short interests were/are the main drivers of Amzn bull for the short term; sellers, who have to sell to realize their profits; represent the other side of the equation. JMHO Regards, Jan