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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 243.11+1.6%10:01 AM EST

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To: Glenn D. Rudolph who wrote (22872)10/24/1998 7:04:00 PM
From: OtherChap  Read Replies (1) of 164685
 
>AMZN: DEUTSCHE BK SEC made new estimate for quarter ending
>09/98 of $-0.58 on 10/22/98

How nice of them to lower their estimates 1 day after recommending the stock as "accumulate." Lets see- since DBS is counted in the analyst weighting that first call uses to derive "it's" number, this lowering will instantly lower first call's number at least a point or two.

Thus, the scam continues, as DBS makes it possible for one of their recommendations to "beat the estimates" and thus spike up.

I wonder, think we'll see more last second downward estimate revisions right up until the second they announce?
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