Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Rudd who wrote (5667)	1/8/1999 2:44:00 PM
From: Bob Rudd	Read Replies (1) of 78751

AMZN: The following post from Yahoo causes me some concern about my strategy discussed in prior post: <<AMZN TARGET RAISED TO $252!!! by: nutcase104 (104/M) 52529 of 52558 NEW YORK (CNNfun) - Pioneering online retailer Amazon.com played Pied Piper to an Internet-sector rally Friday, surging more than 19 percent on the Nasdaq after a prominent Wall Street brokerage firm changed its target price from $133 per share from December 16th to a formula-based target of 1.333x the closing price of the previous trading day. As of Thursday's close, the target price for Friday was set at $211 1/4 per share, but that figure is expected to jump dramatically on Monday and all subsequent trading days of this century. Henri Bloodlet, an analyst with CICU Openweiner, set the moving target shortly after trading opened Friday. In a research report issued Thursday, Bloodlet said he had based the upward revision on the company's enormous success in expanding its share price since his last report in December, and also suggested that Amazon's unprofitable days are a finite number rather than in infinite number as previously suggested. "We continue to believe that Amazon.com is in the early stages of building a global community of billionaires that could rule that planet," Bloodlet wrote in the report.>>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next