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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST

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To: e. boolean who wrote (19775)10/3/1998 1:10:00 AM
From: Bill Harmond  Read Replies (3) of 164684
 
>>Warning: this is not an actual stock. It is a con game posing as a stock.

Where's the con? Where is the con?

Do you think Morgan Stanley is conning us? Amazon is a just another company to Morgan Stanley. It's a tiny company. The Morgan Stanley US research universe earning estimate monthly is 91 pages thick in 8pt typeface. Morgan is the largest market-maker in Intel. They probably bust more trades in Intel every day than they handle in Amazon.

Analyst views are opinions. It's a free country. In any event this stock is being accumulated by institutions, who now own virtually the entire float, and they do their own due-diligence.

Do you think Amazon is conning us? Jeff keeps downplaying the numbers. The Amazon 10Q reads like the package insert for nerve gas.
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