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


To: Olu Emuleomo who wrote (143587)7/6/2002 9:25:56 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
"You have to admit that AMZN has been far stronger than anybody expected.
If you have told me at the beginning of the year to invest $10K in either MSFT, INTC or AMZN, I wont have chosen AMZN, but I would have been wrong!
Seems like AMZN is here to stay, especially since most of it's online competitors are dot.gone!!"

Olu,

The movement of the stock price does not always reflect fundamentals. I am not sure Amazon is here to stay. The pure plan on-line competitors are gone as you said but on-line competition is just beginning.



To: Olu Emuleomo who wrote (143587)7/8/2002 1:55:25 PM
From: H James Morris  Respond to of 164684
 
<<Momentum Investor -- I buy whatever is going up!>>
The premise behind the Momentum Ratings is simple: the more analysts that cover a stock (within the past 60 days), the more clients that will follow their recommendations. The more clients in any single stock, the more money fueling that issue's advance.
Taking this theory further, if only two analysts have a "buy" recommendation on a stock, that is not nearly as bullish as 15 analysts with a "buy" rating simply because there is not nearly as much money, and therefore, momentum behind the issue.



To: Olu Emuleomo who wrote (143587)7/8/2002 7:18:13 PM
From: Alomex  Read Replies (2) | Respond to of 164684
 

If you have told me at the beginning of the year to invest $10K in either MSFT, INTC or AMZN, I wont have chosen AMZN, but I would have been wrong!


Well, as reported here, at the beginning of the year I shorted this puppy all the way to $21 per share. Currently I'm sitting on a 40% annualized profit, having closed half of my position. I expect the stock to go down another five bucks or so, making my profit quite a bit more substantial.