Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Candle stick who wrote (7270)	6/24/1998 1:26:00 AM
From: H James Morris	Respond to of 164684

Cs,you wrote<Anyone ever wonder why there have been no analyst downgrades yet> Why would the analyst's, who work for the Co's that control the float be inclined to say anything, until they are told too?

To: Candle stick who wrote (7270)	6/24/1998 1:59:00 AM
From: Joe Williamson	Read Replies (1) \| Respond to of 164684

Perhaps no downgrades, but Prudential initiated coverage Friday with a "hold" feeling the stock was (then) fairly priced at "96 times 2002"s expected earnings". Struck me as an odd statement; most stocks are considered grossly overvalued at 40 times CURRENT earnings. How can anyone even come close to accuracy at projecting earnings four years from now with the current sharply accelerating growth in revenues. I'm in the camp of "this stock is grossly overvalued and a lot of money will be made on the short side", but NOT YET. I'm currently (and likely briefly) long. With the current momentum you're "long or wrong". I'd wait for a sell signal or two before getting too aggressive on the short side (as many previous posters can attest).