Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 231.69

+1.7%

Dec 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jan Crawley who wrote (15362)	8/31/1998 12:48:00 PM
From: gizelle otero	Read Replies (2) of 164684

Bloomberg "Trader's Notes" just said the underwriters of AMZN were mulling a downgrade this afternoon in light of market conditions, but they remain bullish on the stock long term. (you have to laugh at these penguins). Looks like the money men are ready to capitulate on this one and the next support level is in the $40's.......I doubt that will hold. More to follow as I get it, but ABSOLUTELY not too late to short this one. At some point there will be a "sucker's rally". traders should use any strength to double their short position. The stock really has no value at this time. There are no earnings and the most recent acquisitions were with stock and will unravel rather quickly as the companies AMZN was "buying" find the equation has changed and they will not be getting as much for their companies as they thought. Barnes and Noble.com is now the 8th company to announce they are going after AMZN. I doubt there will be anything to go after by the end of 1998.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next