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


To: Rob S. who wrote (60259)6/3/1999 4:35:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
<BTW, sorry to hear you are down so much . . . remember to take some profits along
the way. >

Illuminating post. As you may have read from my past posts, I have committed myself to a b&h strategy, given tax consequences to do otherwise. At this juncture, I still believe it is the most prudent thing to do. However, if you are correct and the inets decline another 15-25%, then yes, I would have to admit I could have done better taking profits.

At any rate, as I believe the long-term inet fundamentals are stellar, b&h can still hold wonderful prospects over the same time horizon. I don't pretend to be the best and brightest in the market, and I will probably make mistakes going forward. But what I have chosen to do so far has worked very well for me, even after this recent steep correction.

Rob



To: Rob S. who wrote (60259)6/3/1999 4:43:00 PM
From: tonyt  Respond to of 164684
 
WSJ: "Technology stocks were unable to generate a rally all day, as investors elected to shuffle out of many of the priciest Internet stocks and snap up blue chips in a replay of the "sector rotation" that started in April. Amazon.com fell 7 1/16 to 105 1/16, and Priceline.com fell 7 29/32 to 85. The Dow Jones Internet Index fell 4.2%."