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


To: Glenn D. Rudolph who wrote (35057)1/15/1999 10:57:00 AM
From: Peter J Hudson  Respond to of 164684
 
Glen,

>>2. Most people on SI care about no one except themselves.

Most of you, thank you for nothing. There exceptions and those exceptions know who they are.<<

OUCH!!!

I have been amazed by your honesty. Your position on AMZN has been fundamentally correct all along. I believe many of us hoped you would end up the big winner.

Next time I'm in your neck of the woods I'll stop by and buy a bobble for my sweetheart (wife). Maybe I'll catch a sale, 80% mark up. I think you'll be ok.

Good Luck
Pete

ps I was on the wrong side of AMZN too. It just hurts too much to share!!



To: Glenn D. Rudolph who wrote (35057)1/15/1999 12:52:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Glenn<<With that said, I am now finished with AMZN.<<
Please don't feel alone. I read the other day that the 'Thing' has crushed more shorts and puts in real dollars than any previous stock in the history of Wall Street.
The short's attraction old school fundamentals was to attractive not to move on. While the desire to find the next MicroSoft kept the speculators piling on.
Wall Street has changed dramatically in the last 10 years. Caution was abandoned by the new age brokers, fund managers, market makers making the Warren Buffets and Peter Lynch's type of investing virtually redundant.



To: Glenn D. Rudolph who wrote (35057)1/15/1999 1:27:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Glenn,

Around the Oct 98 option expiration, I had 300 Amzn long shares and 300 short shares; when I checked my daily account holdings; It showed <$30,000 in equity and the same amount of short Amzn balance.

For the past week, without adding any more to the position; the 300 box became a 900 box and the holding balances(for both long/short) went as high as $185,000. staying away is the best idea!

If this thread lacks sensible/rational/fundamental analysis; then it may just attract the ...... swim or sink will never be your investment style...

Best wishes, you got lots more bigger and better things in your life!



To: Glenn D. Rudolph who wrote (35057)1/15/1999 11:05:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
Glenn best wishes on your future investing activities.

I have enjoyed and learned from your posts.
I find it difficult to explain the perf of amzn; makes no sense to me.

Victor



To: Glenn D. Rudolph who wrote (35057)1/16/1999 12:11:00 AM
From: Cajun  Read Replies (1) | Respond to of 164684
 
I am sorry you've had a harsh time on this board, because I your thoughtful input was appreciated (certainly by me, and I know others). But don't forget the numerous lurkers. I only chose to sign up a very short time ago, for example.

I'm not sure that a board like this is the place to look for emotional support, though -- I've used it only as a tiny reflection of market sentiment, and a contrarian one at that. If no one talked about a bounce, it might be because no one thought it would happen, and not because people didn't want to support you. You have to read between the lines.

Along with "don't fight the tape," I'd also add "the trend is your friend." Corny, but true.

I wish you the best in your future trades. I believe good things will come of this temporary setback, although it may be hard to feel that way right now.



To: Glenn D. Rudolph who wrote (35057)1/16/1999 7:48:00 AM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
1. Do not fight the tape and cut losses.

Glenn,

Your acceptance of this rule, although quite difficult to implement, will ensure that you *never* take a large loss in the market.
I know how you feel, but FWIW, you really have to divorce emotion from your operations in the market.
Some stocks have your 'number' and never seem to make money for you.
Yours may be AMZN.
At least you are still around to trade other stocks.
I know people who were completely wiped out by AMZN.

---Olu E.