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

To: Mike Petriv who wrote (7734)	6/26/1998 12:29:00 PM
From: trenzich	Respond to of 164684

After window dressing is complete, this will have no place to go but down, and that will be freefall, imo tz

To: Mike Petriv who wrote (7734)	6/26/1998 12:30:00 PM
From: Don Roberts	Respond to of 164684

A M Z N -- DOWNGRADED RESEARCH ALERT- Amazon.com <AMZN.N> cut to neutral MINNEAPOLIS, June 26 (Reuters) - Dain Rauscher Wessels said Friday it lowered its rating on Amazon.com Inc. to neutral from buy, citing valuation. "Amazon is perhaps the most powerful growth story in retailing today," Dain Rauscher Wessels analyst Mitch Bartlett said in a research note. "However, at today's share price, even after factoring in the powerful attributes of the business model, the yearly sales growth necessary to achieve an investment return over a three- to five-year period would be, we believe, unachievable. "We are also a big proponent of the future growth of e-commerce," he added. "However, given the run up in the share price, we are lowering our rating to neutral-aggressive from buy-aggressive." The stock was off 1-15/16 at 97-1/8. ------------ You longs better sell now ... there will be a stampede out before the end of the day, and more tankage on Monday. As we all know, a "neutral" means "sell" on Wall ST. Other brokerages should downgrade as well ... they all do together usually. Shortie