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

To: Rob S. who wrote (14338)	8/22/1998 2:42:00 PM
From: zax	Respond to of 164684

The bulls have got there blinders on and are prancing around like a bunch of know-it-alls. I think there are some "bulls" who may know a thing or two. I believe some are riding the bubble up, only to ride it down again when they are convinced that this is the new direction it will be heading in. I, having shorted initially at 143 1/4 and still having not covered, was not smart enough to have gotten on at the bottom and ridden this one up. If I'd have purchased at 14, I'd have made ten times on my money by having sold at the peak. In light of the fact that I can at best double my money on this stock with my short, I'd have to say that there is truly something quite smart in the people who got on this one early on, and who clearly (if they ever do sell) will have seen much greater percentage-wise gains than I ever can one this one. I'm trying to learn from all here, and from my own trading experiences. I believe that I correctly called the top on this one. The position isn't quite clear enough on the board for me to have bragging rights quite yet. The true trading wizard knows well how to ride the high betazoids and make good money on them any way they move. The only true idiots are those that see a new, unproved and unprofitable company, and have sheer ignorant faith to believe that the stock knows but one direction. Remember, a MSFT comes about once every 100,000 and will have given a correct player perhaps an 80% annual yield. A BOST comes about every 10 companies, and can yield to the correct caller considerably more when played right. Thus, a recent or old AMZN long who is planning to stay long regardless of other factors, is likely someone who plays the lottery, and not chess. Regards, -- Eric