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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: Jan Crawley who wrote (56218)5/10/1999 11:08:00 AM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
Jan,

>> Strong buy - buy - outperform - market perform..then ???

These ratings sometimes work in perverse ways. Did you see our SCI today ? MS started coverage last week with outperform. But what affects the price of a stock significantly is the direction of broker ratings. With amzn, the direction is down, which explains why the price is down. What I find significant is no analyst has come out after the report to re-it a "strong buy". Instead, they are quietly down grading to hold or outperform, etc....
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