Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike M who wrote (27908)	11/23/1998 6:29:00 PM
From: John Chen	Respond to of 164684

Mike,re:"dilemma the fed..." Well said. You think Fed may "suggest" tightening of some sort (surprisingly just like the 2nd rate cut). Then the 'poor guy' who didn't play the hands are the one suffer. A billionaire can afford to lose several million, no sweat. Tough job, tough job indeed.

To: Mike M who wrote (27908)	11/23/1998 8:15:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 164684

Mike, today's market action destroyed any hope of further interest rate cuts, the next fed move will be up. I expect margin requirements will be raised soon to protect people from themselves. The sad thing is that many investors are buying in now and will lose their shirts. I advise everyone holding AMZN or YHOO to NOT use margin now. If you have large profits, take some of your original investment off the table and let the profits ride. I have been trading almost 40 years and have seen many such stocks come and go. Investors have huge profits on paper but don't cash them, maybe even double up, and then lose everything in the inevitable crash. At least buy some puts for downside protection!

To: Mike M who wrote (27908)	11/23/1998 11:37:00 PM
From: HoyaBob	Respond to of 164684

Thought-provoking Philosophy or What Dept.: Ain't that what capitalism is about? Nobody forced me to earn the money I have invested/gambled into AMZN. If I'm fool enough to lose it all, I would not be a "victim" -- that's my responsibility. My current AMZN stake represents maybe .15% of my portfolio -- but what a fun part! If it tanks, I'll have to earn it some other way. Few of us would be "ruined" -- it would take imprudent allocation to let AMZN take one down. Bigger picture, there's lots of strange "guilt" or something weirder going on here. For example, Merrill Lynch had some expert on Nightly Business Report who pursed his lips like a puritan virgin when the internet stocks were mentioned. He told the audience to be 50% invested in bonds and talked about the current "bubble." He may be right in the long run, but ... he sounded more envious than erudite. Relax, enjoy it. This is part of the market's integrity. Make some money or lose it. Give it to the Church or your favorite cat. I recommend that we use money's energy to beget MORE money ... and THEN distribute part of the MORE to those who could use it. Some of us are just luckier, or better managers of M1 and M2, at least this year. Cheers, and no offense.