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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%Dec 3 3:59 PM EST
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To: Glenn D. Rudolph who wrote (23960)10/30/1998 9:23:00 PM
From: JBL  Read Replies (1) of 164684
 
AMZN is a "feel-good" stock. It will go where the market is going, regardless of fundamentals.

The market goes-up, AMZN is called a blue chip. The market goes down, AMZN is called a tulip.

Analysts are continuously moving the bar so that AMZN can easily jump above it. Thus, deteriorating fundamentals will only be considered in the context of a weakening market.

IMO, people should spend very little time worrying about AMZN, and much more time worrying about where the Dow is headed. (I suggest you take a very close look at Japan for that.)



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