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

To: KeepItSimple who wrote (31156)	12/25/1998 4:04:00 PM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 164684

KeepItSimple, I believe you are over-simplifying. Bezos sold part of his company for 30M. So what! What percent of his ownership did he sell? Bill Gates has sold Microsoft stock. Dell has sold some of his stock. I suspect the same is true for the founders of Intel, Cisco, Compaq, etc. So what! I suspect Bezos is not as concerned about the stock price as he his building his company. If he sells out in the long term, that is when he wants the stock to be worth a lot. I expect more concerned with building long term value than he is with today's stock price. The stock will get overbought, it will decline in price until it is oversold, then it will rise in price...the same as many other stocks, but with greater swings in direction. Until there is some evidence that Amazon is not doing well, I think the long term trend for the stock price is up, regardless of the short term swings in prices. I don't pay much attention to assertions ("house of cards") that are unsupported by well-reasoned argument based on evidence, except that frequent repetition of the unsupported assertion tends to annoy me. Merry Christmas. May we both prosper in the New Year.