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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (71935)	8/4/1999 9:03:00 PM
From: Eric Wells	Read Replies (5) \| Respond to of 164684

>>They were right at the beginning, but have been >>badly wrong as of late Hank - I would argue that Meeker and Blodget were wrong from the beginning. I think their revenue and price targets were based on scenarios with likelihoods that were subject to a high degree of risk - and it appears as though a choice was made on their part to not emphasize the risk. Personally, if I told someone that I had done a thorough analysis that suggested that YHOO was going to 400, and then that person bought YHOO at 220 and proceeded to hold it through a precipitous decline, I'd have trouble sleeping at night. You have to wonder if Meeker and Blodget (and other analysts) think about the potentially millions of individual investors that have lost a lot of money buying net stocks that were being continually propped up by price targets based on unlikely scenarios - targets and scenarios that Blodget and Meeker eagerly broadcasted. I don't know, if I was Blodget or Meeker, I would like to think I would probably feel bad enough about the current situation that some sense of personal responsibility would lead me to quitting my job. But greed has an amazing effect on people. -Eric