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

To: dennis michael patterson who wrote (35226)	1/17/1999 2:44:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I agree, there is a random element. But you have to be in the right place for luck to visit you. A simple example is a lottery ticket: you cannot win the lottery if you don't buy a ticket. dennis, The market did not use to have mostly random elements. There were always some like surprises from overseas, etc. However, if one did due diligence and found a company that was working on or was marketing a product that was in demand, had a competitive advantage, chances were one could buy long with a very high probability of the company's stock increasing. Now the market is mostly momentum only. Capital is not even being given to good firms that need it to grow and provide products and services from which we all benefit. Instead, the market is throwing billions at Bezos and the other insiders that have accomplished nothing except a negative return on invested capital. The biotechs were using their money to possibly discover a cure for some disease, etc. There are billions presently in a company that is an electronic order taking machine. As William would say, and I believe he is good, the market is the market. Nothing more and nothing less. AMZN is an electronic order taking machine nothing more and nothing less. Glenn