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

To: Bill Harmond who wrote (40802)	2/18/1999 10:08:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 164684

Funny thing is that it has given me more of a sense of confidence to stay with positions I would have cut by now. I don't know yet whether that is a good or bad thing. I'd say it's to be expected. I think you've gotten a little more reckless with the "playing money" that you've alloted to yourself to play with, than if you were still managing your entire portfolio. You wouldn't have dove back in long so quickly if you were still managing all the money you have. This is an expectations game as you know, and the first q after the Christmas q is lower for book sales. I don't know how AMZN can think that they will match last qtr's sales this qtr. I think the market is factoring in the doubt, regardless of what Covey says. That, and the TA. AMZN is now about 55% off its highs, so guess what...there will be a lot of selling all the way back up, if the stock tries to go that directing, and undoubtedly it will eventually. If nothing else, late fall this year it will. It will start the run earlier than last year, so say late Oct. In between now and then, who knows. A rocky ride anyway. BTW, no reason why you shouldn't average down, if you want to. You can afford it. And btw, I'm in cash also, with what little I have. I did buy a $9,000 motorcycle though, last week, cash. 1998 Honda VFR800 Interceptor.