Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.88

-0.3%

10:23 AM EST

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To: Bill Harmond who wrote (41920)	2/23/1999 2:54:00 PM
From: Rob S.	Read Replies (1) of 164684

Cohen used his training in trying to judge valuations rather than just go along with the flow. In the long run his forecasts may prove more accurate. Certainly Blodgett's and Meeker's forecast and targets are reaching further into the netherworld. But dishing out words of caution isn't what these people get paid seven figures for. The brokerages would just as soon they leave common sense to Greenspan and let their ANALS go with the market mania and be partly the cause of it. They make the big bucks by riding the tiger, not by warning people that at the end of the ride they may be eaten. The volume and price action today is weaker than yesterday. The upside move probably still has life to it but will run into profit taking before much more, IMO.

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