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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: Bill Harmond who wrote (16229)9/5/1998 5:42:00 PM
From: OtherChap  Read Replies (1) of 164684
 
Let's see- we have one self-proclaimed short-selling mutual fund manager who is predicting a price of "under $10" for Amazon in the near future, and we have Merril Lynch with a "reduce" rating- something I've rarely seen before, especially for a nasdaq darling such as Amazon. Plus latin america is about to collapse financially, and I think tuesday will certainly be a down day. The great thing about Amazon is that you know _some day_ there will be a catastrophic decline in the stock price. We've already seen it fall more than 50% in less than 2 weeks.. (140+ down to a low of 65 before rebounding)
I just can't wait to wake up and see the pre-market bid/ask's flashing down 40 points before the open. :)

Check out where the other e-tailers are trading.. EGGS is trading around 7 bucks, and Cyberian Outpost is 50% below its IPO price of last month. And we won't even discuss software.net, which has been cut in half after people realized they were never going to make a dime. (now trading around 9 bucks) Lets see- every other online commerce play is trading below 10 bucks. I think Amazon will join this group as far as stock price goes, before September is out.

I hope people will use the holiday to do research on their own, and perhaps uncover the gory details of the "stock for books" deal.

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