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

To: Sam Citron who wrote (2868)	4/8/1998 10:12:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 164684

E*Trade came out with earnings, hit expectations of 15 cents and the stock is hammered down 3 5/8 to 23........this is also an e-commerce stock like AMZN..seems once they make money they get crushed, since normal valuation methods apply......... By the way, EGRP rose from 14 to 48 and then fell to 17 again in just 3 months.....thats a 65% decline of the premier brand name e broker.......what happened? Oh yeah, competition and unrealistic valuation beat it back into reasonable levels......when AMZN reaches this phase(and it will) a 65% drop would be equal to a stock price about 30.......food for thought.....;^)