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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 221.24

-0.6%

Dec 17 3:59 PM EST

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To: james paterson who wrote (74394)	8/18/1999 10:16:00 AM
From: Jan Crawley	Read Replies (3) of 164684

Blodgett typifies everything that is ridiculous about the internuts I say that Blodget is trying to play it again. The first time: O. By 10/30/98, Amzn corrected over 60% from it's high of $147. 1. By 10/30/98, DB accumulated 22M Amzn shares 2. In early 11/98, Amzn announced a 3:1 split un-expected. 3. In late 11/98, Blodget targeted $400. This time: 0. 8/99 low of $80s and over 60% correction from $220. a. Janus has over 16M shares b. Amzn 2:1 Split c. He is upgrading again. Major difference: 1. Float and short interest dis-advantage. 2. No margin for Amzn on-line trading, less speculating, not a plus. 3. the $1.2B convertible-turn-equity advantages

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