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: e. boolean who wrote (19848)	10/3/1998 6:02:00 PM
From: Rob S.	Respond to of 164684

What will this over-inflated piece of puffery do next? Soar toward the promo anals targets of 160? Or sink toward 'reasonable value' of 14? I think the hype machine still has plenty of fuel left to run. Until VCs and insiders dump $1 or $2 billion worth of the various internet darling stocks on the market, the hypsters will be out there pushing in full force pimping action; "Trust us - we love your money more than you do!" The TA looks bearish for longer term and a bit bearish short-term. IMO, the TA is in one of those periods where it is too hard to tell. Amazon looked ready for a correction back down below 100. Then late last week we got two more pimps to raise their ratings and price targets. That despite projections for greatly increased losses. We know that AMZN and other stocks have several hundred millions worth of stock that has been registered for sale by VCs, insiders and made available due to acquisitions. That amounts to the secondary offering some people think might happen. (Why go out for a secondary with all the disclosure and promotion hassle when you can just throw out $290 million worth of stock by acquiring companies for 5X-10X what others pay for similar firms in cash? - it's only speculator's funny money anyway). It looks like we get another run for the money toward the 120-130 level if the general market and other internet stocks cooperate. Go Amazongonenutty.com!!! Upward toward 120!!! 130?!!!