Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Tom Hua who wrote (16158)	12/17/1998 12:16:00 AM
From: Don Westermeyer	of 18691

Tom, Many credible analysts are laughing pretty hard at that AMZN $400 price target and making $10/share in five years. Amazon has very little chance of making even $1/share in five years let alone that number. No doubt they will loose more money than ever this quarter. Some reporters were saying maybe someone should issue a $1000 target and really get the stock moving. At $400, the market is discounting probably 10-20 years of spectacular earnings growth (which Amazon does not have). I was going to wait after the new year and the split, but I just may short it tomorrow instead and see if the market sobers up on this stock. I'm sure when AMZN comes back to earth all the bulls will claim how they got out at the top!

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