Amazon.com, Inc. (AMZN) Message Board

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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: Bob Kim who wrote (72539)	8/7/1999 5:14:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Glenn, Re: Blodget was the screwball... Did you think Jonathan Cohen's pre-split $50 target was more credible? Bob, Blodget never said Amazon was worth $450. I see that now. He gave it a price target of $450. The small float at the time and the large short interest made it easy for the stock price to shoot right up. Johathan Cohen stated Amazon was worth no more than $50 per share. He may have been accurate and was giving advice for the an investor not a momentum trader. I believe Johhathan Cohen was properly performing the job for which he was hired. Glenn

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