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

To: chucke who wrote (13842)	8/17/1998 6:49:00 PM
From: Glenn D. Rudolph	Respond to of 164684

I believe that in the long run, AMZN will be a very, very successful company. I agree with Jeff Bezos' strategy of spending now to secure marketshare. I agree with his plans for expansion into CD's, videos, etc. Even with competition from Barnes, BKS, and Bertelsman, I think Amazon will triumph. The latest purchases for stock (ie, for free) of Planetall and Junglee were on target with the long-term plan. chucke, I thank you too for your opinion. I start to wonder if the analysts also really believe what they are saying. If the money I had in AMZN stock were strictly risk capital, I would ride out the coming correction. I bought AMZN last March at 86 (pre-split) because I believed in the company, and had purchased many books from them and was excited about their business. I hoped to double my money in a couple years. As it turns out (thanks to the MMs and shorts) I tripled it in just under 5 months. That's good enough for me, for now. Congratulations on a big win. I have never been fortunate enough to be in a stock with that percentage return in such a short time. Maybe my time will come. I on rare occasions have obtained a double in one year but nothing like 300% in five months. Good luck you! Glenn