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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.52+0.1%Dec 26 9:30 AM EST

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To: Eric Wells who wrote (74642)8/19/1999 11:08:00 AM
From: Bob Kim  Read Replies (1) of 164684
 
Eric, One datapoint to watch is ETYS. Based on ML criteria, Blodget may need to address his price target or downgrade the stock soon. Yesterday's call is especially interesting in light of the comments he made in Bloomberg a couple week's ago.

''It's not firm policy to flip your rating whenever you think you're calling a relatively short-term move,'' defined as three to six months, he said. ''We still think these stocks will have a very strong fourth quarter, so we think the trend for the year will be up. We do believe there is long-term upside for lots of companies -- like AOL and Yahoo and Amazon,'' he said.
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