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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.69+1.7%3:59 PM EST

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To: Glenn D. Rudolph who wrote (128699)7/21/2001 1:03:33 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
>> I understand the JCP move. The S move is a mystery in the sense I have not followed them closely.

Glenn, the explanation lies no farther than your beloved Amazon. The traditional retailers were downgraded by every moron analyst when the B2C idiocy started 3 years ago. Since Amazon was getting into the appliance business, the idiot analysts assumed that Sears would die because everyone would buy their refrigerators and dishwashers on line. Sears was faulted for refusing to grow revenues at the expense of profits. And the downgrades cited exactly that reason. Now that the failure of online retailing (of appliances and garden tractors) is obvious, the analysts are changing their tune.
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