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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Dwight E. Karlsen who wrote (33382)	1/8/1999 1:40:00 PM
From: Rob S.	Read Replies (3) of 164684

A friend was called by his broker at Oppenheimer and advised to sell his shares of Amazon - which he did yesterday. At about the same time, Blodgett told the Seattle Times reporter that he was still very bullish on the long-term prospects for Amazon and that he was maintaining his buy recommendation. Many people will take his advise while his brokerage clears their clients out of their positions. We've all seen this before many times - the arms-length distance between the analysts and the brokers gets corrupted: they keep their large clients happy while they tell the public what they clamor to hear. This will end badly.

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