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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Glenn D. Rudolph who wrote (115314)	1/15/2001 12:20:18 AM
From: Rob S.	Read Replies (2) of 164684

Glenn, I think brokerage houses that are in the business of churning stocks are prone to pick unexperienced people, like journalists or sanitation workers, and give them a glorified title, such as V.P. (the major brokerages seem to have more V.P.s than ex Cubans in Miami). That way they may actually be able to get someone to hype their push stocks and actually believe it. To give credit where it is due, there were a few analysts who suggested that Amazon was over-valued prior to it giving up most of it's high price. Blodgett finally got around to downgrading AMZN and urging caution after it had plummeted. This guy is so off base that it is funny. I don't blame the poor naive Blodgett so much as I do his whore house employer. They know better and are pumping and dumping stocks to the point of insane stupidity.

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