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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 242.94+1.5%3:59 PM EST

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To: Candle stick who wrote (4838)5/29/1998 9:25:00 AM
From: Mark Myword  Read Replies (1) of 164685
 
>>>Boston Chicken (BOST) said today that it may default on its debt and that bankruptcy may be imminent.<<<
Candle - it's only a matter of time , IMO , before we see the same kind of news from AMZN. It may take a year or more , but with the cash burn and the intense competition , I don't see a realistic way they can keep the game alive. Boston Chicken had a three year run in a market that went almost straight up. AMZN won't even have the benefit of "all stocks rising" once the reality check begins....I will not cover until I see a price in the twenties , or lower. Next week should be interesting , after the float increases due to the split. The rush to the exits could be of epic proportions.
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