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

To: Mark Fowler who wrote (12240)	8/1/1998 8:20:00 PM
From: Victor Lazlo	Respond to of 164684

'great companies" do not leverage themselves into oblivion.

To: Mark Fowler who wrote (12240)	8/2/1998 11:14:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Oh I get it. Just invest in the ISDEX and you are guaranteed super performance...<< Not my words! Go long on one or two of them, no more than 20 percent of portfolio and you'll be amazed! Stupid me, thinking things like profits and business models matter, I try to actually know something about the losers I'm throwing my money at.<< Your trying too much. Narrow your focus to one or two and go long. I think we've found ourselves a new form of growth zombie, folks.<< Mark, The sad part is all your statements are accurate or at least have been to now. One cannot argue with the trend as it has been. Just chart one<G> By the way, I was long AMZN for a few hours on a few days. I jut do not make a habit of it. Glenn

To: Mark Fowler who wrote (12240)	8/2/1998 2:25:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

It is easy to throw out platitudes that pass as an understanding of the market. Peter Lynch doesn't invest in Amazon.com and other inet stocks. He has much more sense than chase after fantasies. Lynch seldom, if ever, invests in companies with no record for generating profits. The key axiom you pointed out: <"Peter Lynch, who may be one of the greatest investors of all-time, is famous for saying -- and I may be mangling this a bit -- that there is no correlation between great companies and stock prices in the short term and there is a 100 percent correlation in the long-term."> Good companies are determined by such things as profit. A start-up company with very little tract records does not equate to a good long-term investment. Whether Amazon.com is a good long-term investment will be determined when they start to prove their long-term business plan. That proof is at least a couple years away. For now it is a hope and a dream that their plan will be a success. The current price suggests that the money is already in the bank. All Amazon.com speculators can be certain of is that the VCs and insiders will get rich off of stockholders investments. Amazon.com is not an investment - it is a speculation only suited for the most risk tolerant investors.