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

To: zax who wrote (14399)	8/23/1998 2:49:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 164684

>>You clearly subscribe the the belief that might makes right, William. It certainly helps if there are more buyers and than sellers in issues I hold long, if that's what you mean. :) >>Some of us believe that there are other indicators of future success for a company besides relatively recent historical stock performance. Me too...like execution. Did you know AOL's churn is at its lowest level ever? That AOL has a 50% share of all new residential accounts connecting to the Internet? Little stuff like that... >>Those completely passe concepts like valuation principle and price to earnings ratios, and even plain old profitability seem to have stuck with us old timers, who will certainly be punished for believing that there just might be other potentially rewarding places in the marketplace to invest our money besides the 'nifty fifty'. Perhaps when AMZNs profits exceed the GNP of the United States, just a little of the wealth might trickle down to some of us. Well, I can only imagine your frustration, or feel your pain! I'm not enough of a masochist to ignore the old-fashioned increasing returns principle at work. What can I say? Nobody made money underestimating the Internet leadership. Sorry...call me momo. I like the power of choice having money provides.