Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Glenn D. Rudolph who wrote (74506)	8/18/1999 7:19:00 PM
From: Rob S.	Read Replies (1) of 164684

AMZN - shooting star formation - possible over bought reversal. Amazon rally showed signs of weakening today but the sector still showed strong gains despite (or perhaps because of) a market downturn lead by profit taking in the cyclicals. Blodgett once again came out with his predicted history but the lemmings on Wall Street heard the call anyway. Perhaps lost in his forecasts is the fact that he had ratcheted up his targets for the Amazing one to 300 in the 1st quarter, belatedly capitulated that markets don't just go up, and now has a target for AMZN of 150. Revisionist historical forecasting is a cute game - particularly when you are getting seven figures for it!

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