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


To: Glenn D. Rudolph who wrote (7851)6/27/1998 5:26:00 PM
From: Peter V  Read Replies (1) | Respond to of 164687
 
Analysts often keep their rating on a stock while they get their clients out the door, and then downgrade just as it turns south, and they look OK that way, but the little guy gets screwed.

In addition, I think it's embarassing for analysts to be wrong about the greatest stock runup in recent history, so they tend not to badmouth AMZN too much.



To: Glenn D. Rudolph who wrote (7851)6/27/1998 5:34:00 PM
From: jawd  Read Replies (2) | Respond to of 164687
 
I mean why are they doing that?

Possibly they see it as an irresistible model to attract new money into the market which they can collectively point to and say "hey, look at the profits you are missing!"

Bursting the bubble will have too much of a knock on effect on the internet sector, not to mention new IPO's which net the analysts employers millions of dollars.

Its simply not in their interests to burst the bubble at this time.