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


To: Rob S. who wrote (115316)1/15/2001 1:08:26 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
This guy is so off base that it is funny. I don't blame the poor naive Blodgett so much as I do his whore house employer. They know better and are pumping and dumping stocks to the point of insane stupidity.


I blame them both.



To: Rob S. who wrote (115316)1/15/2001 1:33:08 AM
From: Bob Kim  Read Replies (1) | Respond to of 164684
 
Blodgett finally got around to downgrading AMZN and urging caution after it had plummeted.

You should get your facts straight. He's actually downgraded AMZN twice at Merrill. Both times following upgrades. Net-net, AMZN is at the same rating as when he started coverage, but at a 1/4 of the price. AMZN still has a very high rating at ML. It is rated higher than CPQ, INTC, AMAT, NVLS and the same as MSFT and ORCL.

I don't blame the poor naive Blodgett so much as I do his whore house employer.

ML has given Blodget a lot of research slack. Other ML analysts don't get away with the same stuff. The excuse has been something along the lines of it's an "internet" thing. I think ML hopes it doesn't come back to haunt them.