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


To: Bob Kim who wrote (72539)8/7/1999 4:18:00 PM
From: KeepItSimple  Read Replies (3) | Respond to of 164684
 
>Did you think Jonathan Cohen's pre-split $50 target was more credible?

Do you think ML will offer him his old job back when Amazon reaches his prediction? That those ***holes replaced him with Blodgett for one lucky call just goes to show the lack of integrity those crooks, er, brokerages have.



To: Bob Kim who wrote (72539)8/7/1999 5:14:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Glenn, Re: Blodget was the screwball...

Did you think Jonathan Cohen's pre-split $50 target was more credible?


Bob,

Blodget never said Amazon was worth $450. I see that now. He gave it a price target of $450. The small float at the time and the large short interest made it easy for the stock price to shoot right up.

Johathan Cohen stated Amazon was worth no more than $50 per share. He may have been accurate and was giving advice for the an investor not a momentum trader. I believe Johhathan Cohen was properly performing the job for which he was hired.

Glenn