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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST
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To: DAY TRADER who wrote (32808)1/5/1999 11:23:00 PM
From: Avariceman  Read Replies (1) of 164684
 
Anybody who has 1/2 a clue knows that analyst recommendations are essentially useless. They are good at reeling the uneducated investors. I read some where that last year there was only 2 "Sell" recommendations and a hand full of "holds" from all of the analysts coverage of listed stocks on the NASDAQ. It's all about generating investment banking dollars for the firm. That's it. The only purpose they serve, early in a stocks life, is to generate interest and build momentum but after that the analysts don't dare tell the truth because it will cost them there jobs and there firm big bucks. AMZN may acquire some other net players to continue there growth. Who do you think they are going to go write the 25 million check for investment services rendered. The same gang that's rating the stock a "Strong Buy".
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