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


To: Olu Emuleomo who wrote (106158)7/15/2000 9:18:19 AM
From: tonyt  Respond to of 164684
 
How the Internet Bubble Broke Records, Rules, Bank Accounts

By Wall Street Journal Reporters Greg Ip, Susan Pulliam, Scott Thurm, and Ruth Simon

"The world has gone mad."

interactive.wsj.com

'The best-known is Henry Blodget, famous for forecasting in December 1998 that Amazon.com would hit $400 a share. At the time, Amazon.com was trading at $240; within four weeks it blew past $400 on its way to a high of more than $600. Mr. Blodget was celebrated as a seer and left his job at CIBC Oppenheimer for Merrill Lynch & Co. Amazon.com? It closed at a split-adjusted $35 Thursday, equivalent to $210 at the time of Mr. Blodget's big call.'