SI
SI
discoversearch

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: Gil Gilbertson who wrote (19615)10/2/1998 11:51:00 AM
From: Rob S.  Respond to of 164684
 
The porkerages (brokerages) are trying to rally Yahoo and Amazon but the rally is failing so far. There just isn't much enthusiasm for highly speculative stocks right now. I'd sure like to see the B.S. model for this company to see how they derived at their target. Probably something like this: "Hmmm. . . there is no way we can model this to look positive. But we have millions of shares to dump and lots of commissions to make by trading AMZN. Let's put a 12 month price target of, say 160. That should be good enough to draw in a few more suckers. We can explain latter when the price drops to 60 that it was a speculative play that just didn't work out the way we thought it would."