Amazon.com, Inc. (AMZN) Message Board

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

AMZN 236.68

-2.4%

3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (45618)	3/14/1999 8:42:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Is it really clear the street follows his call and others. This last time which was a few days ago, the effect of his report lasted 4 hours, and ran down over the next two days to below 130, where it was when he issued the 150 target. Is it possible that only day traders followed his call and lifted the price, and when no real buyers materialized, price ran down ? Sarmad, It is likely the day traders and the reason no real buyers materialized was a weakness in the tech sector of the market. I know AMZN is not a tech company but the day traders treat it that way. In either case, I suspect that had the tech sector of the market been strong, Blodget's call might have had a lot more effect. I am like you at this point. I do not want to be on the wrong side of a moving train. We have both been throught the wringer. Glenn

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