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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Suresh who wrote (15670)	4/27/1998 7:08:00 PM
From: Clint E.	Read Replies (2) of 68358

Suresh, did you do anything with AMZN? I am in at 80-1/4 and they reported after the close....Sequential numbers look good but I honestly don't know how to value this stock. You know how I feel about earnings play so I hope this won't be my last one. I am preparing myself for either 70 or 90 or both! But, I will be very surprised to see them drop it. With such huge revenue increase, I am sure analysts will get behind the stock and push it higher. As long as there is growth, these guys push stocks. CPWR will be either tomorrow or the day after. This is another earnings play that I am hoping it will pay off. Clint Amazon.com (AMZN) 82 3/4 -2 1/8: internet book retailer declares 2-for-1 stock split. Reports Q1 loss of $0.40 a share vs a yr-ago loss of $0.16. Revenues rose 446% to $87.4 mln from year-ago level of $16 mln. Analysts were expecting red-ink of $0.47 a share. Company also announces the acquisition of three Internet companies; will incur charges of $55 mln related to acquisitions...

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