Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Alomex who wrote (156464)	4/25/2003 4:24:20 PM
From: rrufff	Read Replies (1) of 164684

I suspect that there was a lot short covering today with the huge volume. As almost the entire street analysis was negative after the announcement, which is not what you expect when there is such a big "surprise," I suspect that the institutions were gradually selling while the shorts were covering. I'm guessing, and this stock is definitely a guess, that you could see this back at 25 and under by the end of next week. The good news is out. There aren't any upgrades. In fact, the weasels came as close as possible to downgrades. Just heard Steve Harmon trash AMZN, also JP M, Bear Stearns, etc. It's a good company, but not worth more than 20 and even that is stretching it.

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