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To: HG who wrote (19928)2/10/1999 12:18:00 PM
From: Dave Mansfield  Read Replies (1) | Respond to of 27307
 
Sorry to hear you bought 300 AMZN happy girl. Although depending on when you bought them, you could be doing alright. Based on the tone of your note, it sounds as though you're not doing so well.

I never understood momentum investing nor have I respected it or followed it. I saw what momentum investing did to Presstek which was touted by the renown momentum investor Carlton Lutz. I warned investors in that stock on another board not to blindly follow his advise and spoke of them as lemmings. That formerly $100 stock now trades below $10.

Hopefully you didn't buy AMZN at $199. Take the lumps and chalk it up to experience. Mistakes aren't all bad unless you learn nothing form them. My experience has been to get on a momentum stock before it makes it's move. But then it's really not a momentum stock. At least not yet. Hence my value oriented investing.

Just bought some ZBRA today for my 401k. Near a 52 week low and off about a buck today. Buy low, not high.