william william william
if you're gonna pretend that coverage in barron's was bullish this week, then i'm gonna post the actual text from the different articles -- don't buy any books in a real store now, the equivalent of eating that tulip bulb thinking it was an onion in days of yore
Perhaps one of the most amazing stories of last week's markets centered
around the Amazon.com phenomenon. On Wednesday, the stock rose 46
1/4 points, or 19%, to 289 after CIBC Oppenheimer analyst Henry Blodget
said the stock should hit 400 in a year's time. The following day the stock fell
12 1/4, or 4.2%, to 276 3/4, after Merrill Lynch analyst Jonathan Cohen said
it belonged at 50.
By Friday, the market decided it preferred the optimistic view of life and
Amazon.com shares rallied 9 15/16 to 286 11/16, up 28% on the week.
Investors might want to consider a third factor. In November, Jeffrey Bezos,
the online retailer's chief executive, sold 180,000 shares at prices ranging from
$126.93 to $129.92. True, he still owns millions of shares. However, by
selling in November he did give up $160 a share, or $28.8 million in potential
profits. And he must have a pretty good idea what his company is worth.
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