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Non-Tech : Auric Goldfinger's Short List
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To: RockyBalboa who wrote (4479)3/4/2001 11:12:37 AM
From: RockyBalboa  Read Replies (1) of 19428
 
AMZN and Wal-mart.

Ultimately, and oversold as the market is it can lead to some fireworks in AMZN trading, including a temporary 50% gain in AMZN stock. This does not necessarily mean that WMT is buying out AMZN or whether AMZN will be viable in the long run.
It reminds me a bit on the CDNW deal.

Much more, I stick with my opinion that AMZN stock might expire worthless. AMZN has never earned a penny and will not earn a penny. As stated in the press release, WMT will also not invest money in AMZN with certainty but a deal will surely benefit WMT.

I could be wrong, however.

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As a remainder, I throw in last year's AMZN post and I see that it is the money that counts...:



To:Sir Auric Goldfinger who wrote (4478)
From: InfoStream.com Thursday, Jan 6, 2000 10:31 PM
View Replies (3) | Respond to of 7567

Gentleman,
I may throw in AMZN.

Institutionals: not too much, especially on a net basis.

Weak sector. Consumer internet has significantly cooled off.
Sector mates are at year if not all time lows.

The gorilla is to become a chimp. The knee jerk reaction on blowout revenues (!= earnings) is an important sign. The prospectus of a dimming junk bund market is not really a support for AMZN to raise cash.

The Deutsche downgrade is justified and should add fuel.

I expect it to test the August low, which is around 41.

Once it is on the demise, the uncontrolled selling by individual shareholders can exacerbate the downward pressure.
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