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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.09+2.5%3:59 PM EST

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To: jach who wrote (40007)2/14/1999 8:36:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
Jach,

<Not superstitious, but will say it again - AMZN is a 10$ stock. Let's see what will happen next week. AMZN will probably go up substantially; why? because, in the past whenever 10$ was mentioned AMZN jumped. Happy Valentines day to all the AMZN lovers. >

Today, for the first time, amzn's rating in Zacks went to "moderate sell". Zacks ratings are based strictly on tracking changes in earnings estimates. In amzn's case these are loss estimates.

I don't know whether Zacks's is a contrary indicator such as your $10 figure. It is possible that brokers will keep recommending amzn even while increasing loss forecasts.

-Sarmad
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