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

To: Glenn D. Rudolph who wrote (13639)	8/15/1998 8:58:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>It is my opinion that he is violating the CFA code of ethics. In particular, he mentions a possible upside surprise in earnings for AMZN. However, he never mentions a possible downside earnings surpise as being possible. Last quarter we had just that. Keith Benjamin lowered his earnings projects a lot. That is a downside surprise is it not? There is an expression that we used at ABC that I think pertains to this and many posts like it here: Picking fly sh*t out of pepper. You are getting caught in the minutia trap. If I were a short I'd be venting about the mavens that misguided me into going and staying short. Don't blame the sell-side analysts for liking the stock. The institutional money (which got the stock to where it is today) does its own research anyway.