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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%3:59 PM EST

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To: H James Morris who wrote (101595)4/18/2000 7:05:00 PM
From: Bob Kim  Read Replies (1) of 164684
 
A buy and hold on double click (Dclk) could have busted you.

Here's the advice from the nation's largest broker. See a pattern?

1/14/00 Report price=$115 3/4
While the stock usually trades off after it releases earnings, DCLK is a core holding in our model internet portfolio and we expect it to end 2000 at much higher levels.

4/12/00 Report price=$81 1/2
While the stock usually trades off after it releases earnings, DCLK is down 40% from its 52-week high and we do not see much more downside. We view DCLK as a core long-term holding, and expect it to end the year at higher levels.

4/18/00 Report price=$59 13/16
We expect the stock to consolidate through the summer and then finish the year at significantly higher levels.

[Emphasis added]
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