Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.66

+0.2%

9:34 AM EST

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To: Sarmad Y. Hermiz who wrote (40097)	2/14/1999 8:47:00 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

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, That was the point I was trying to make with Service Merchandise. They initially could do no wrong. They had buy recommendations and a very high stock price. Now they are in default with some of their lines of credit. Sales use to grow at an amazing rate. Now sales are decreasing. Losses are increasing but the same analysts have a buy recommendation because they "might" turn things around. Top line growth was 300% year over year in the early 1980s. Their claim to fame was the use of catalogues and their high tech ability to trac what their customers bought. With Amazon, it is different this time;-) Glenn

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