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

To: Sarmad Y. Hermiz who wrote (54497)	5/1/1999 4:38:00 PM
From: John Donahoe	Read Replies (2) \| Respond to of 164684

RE: Is that really the "investment" proposition, or the "trading the stock price" proposition ? I would say that it is a proposition for the "intermediate term". In the long term the proposition will be "can they achieve respectable Bottom Line numbers?" The "short term" or "Day Trading" proposition is: Are there a critical mass of bulls out there still willing step in and buy at pull backs and enough momentum bulls willing to push it higher? RE: Your proposed method is based on trading the stock price at a slow rate. It is great for minimizing effort and expenses. And also you are right on the entry price. So did you sell at 200+, or were you waiting for the breakout like everyone else ? I sold about 30% of my position at $200. In my mind at least, AMZN hasn't really "broken out". I see it in a intermediate trading range between $200 to $100 +/- 10%. A true breakout would propel the stock to about $300. IMO.