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

To: Dwight E. Karlsen who wrote (34403)	1/11/1999 11:42:00 PM
From: Gary Walker	Respond to of 164684

"In the January issue of World's Work, Will Payne, ..after reflecting on the wonders of the year just over, went on to explain the difference between a gambler and an investor. A gambler, he pointed out, wins only because someone else loses. Where it is investment all gain. One investor, he explained buys AMZN at $100, sells it to another at $150, who sells it to a third at $200. Everyone makes money. As Walter Bagehot once observed: "All people are most credulous when they are most happy."

To: Dwight E. Karlsen who wrote (34403)	1/12/1999 12:03:00 AM
From: Gary Walker	Read Replies (1) \| Respond to of 164684

"A bubble can be easily punctured. But to incise it with a needle so that it subsides gradually is a task of no small delicacy. The real choice is between an immediate and deliberately engineered collapse and a more serious disaster later on. Someone would certainly be blamed for the ultimate collapse when it came. There's no question whatever as to who would be blamed should the boom be deliberately deflated...... Clearly the Federal Reserve was less interested in checking speculation than in detaching itself from responsibility for the speculation that was going on." --John Kenneth Galbraith...

To: Dwight E. Karlsen who wrote (34403)	1/21/1999 11:53:00 PM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 164684

Jenne, how does the bag feel? Getting kinda heavy I bet. Message 7228077 To: Jenne (34406 ) From: Dwight E. Karlsen Monday, Jan 11 1999 10:59PM ET Reply # of 35980 Jenne, I'm disappointed that you have not got out while you're still at break-even. Sell tomorrow! Do you really want to be caught holding the bag for people who got in 100-500 points ago? I'd feel pretty dumb myself, particularly after the i-nuts return to reality. I can guarantee you, Jenne: At some point in the not-so-far future, every single bull will be saying "of course it wasn't worth that much. Everyone knew that." You're going to kick yourself for a long time if you end up being the "greatest fool". Like I posited over the weekend: Today and maybe even tomorrow AMZN may retest the high of $199. If it tries and gets close, Take the MONEY and RUN"! What are you waiting for? After Yahoo, there's nothing to speculate on until Christmas '99. Are you willing to potentially hold the stock at a loss until then??? Ask yourself that question. I'm still not short or long any i-nut pig. But I'm sharpening my knives. -------- An AMZN bull quickly countered: Message 7228168 To: Jenne (34406 ) From: Chinmoy Roy Monday, Jan 11 1999 11:04PM ET Reply # of 35981 Jenne, hold on to your shares. I am happy for you today. Very soon we will be past 199, maybe tomorrow. If not then surely by Friday. Chinmoy -------- Well Chinmoy, I hope you see the ignorance of your "advice" to Jenne. I hope now that this has provided a lesson for Jenne that will sink in, with Scamazon @ $107, after a dip to $93.