Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.42

-0.3%

10:34 AM EST

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To: Victor Lazlo who wrote (30244)	12/17/1998 12:40:00 AM
From: KeepItSimple	Read Replies (2) of 164684

I disagree. AOL would have gone up 15 points if that announcement had any substantial weight with the online traders. Besides, the average retail investor wouldn't know what 350% yearly increases mean, or even question what dollar amount that 350% represented. (I dont believe anyone ever mentioned a specific dollar amount- 350% sounds better than "an extra 10 million dollars") The 400 dollar price target had only one purpose- to glaze over the eyes of retail investors and lull them into buying some more shares in the tulip craze. The number 400 is nice and tidy and easy to understand. No messy financial analysis, just hype. Interestingly enough, the target was so outlandish that even the unknown analyst who made the recommendation was backpedaling late this afternoon, literally telling the press "I meant a 5 year target, not a 1 day target!" As if he didn't know what was going to happen based on past upgrade-history with AMZN. Sounds like a case of Cover Yer A** to me, in preparation for the impending painful correction. +++++++++++++ Gary I think it also had to do with the announcement by aol of christmas season

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