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Technology Stocks : Egghead Computer (EGGS)
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To: HairBall who wrote (1994)7/22/1998 9:29:00 PM
From: UFGator93  Read Replies (1) of 8307
 
Let's not forget that AMZN was earlier expected to only lose .23 for this quarter. The number was later changed, primarily guided down by Morgan Stanley. If you look into this stock a little, you'll see that Morgan Stanley controls much of the float and is a supporter of AMZN. Suspicion on the AMZN thread is that they over-lowered estimates simply so that AMZN could beat them. I'm hoping the market remembers this tomorrow.

Also, the highly expected AMZN split did not happen. Seeing as how YHOO posted much better than expected earnings (not losses) and also posted a split but still went down the following day, I'm hoping that AMZN won't be supporting EGGS or any other internet stock tomorrow. Just my opinion.

Damon
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