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


To: Tradegod who wrote (28620)12/1/1998 8:13:00 AM
From: OtherChap  Respond to of 164684
 
Interesting tidbit, I just spoke with a friend of mine who is a low-level broker at a firm I'm not going to mention, and he said yesterday in a "rap session" (his term, not mine) in the office that several in-house traders were predicting Amazon would be trading below Barnes and Noble's market cap within 2 months.

I personally can't forsee Amazon going to 30 bucks a share that quickly, even though I'm about as bearish as someone can get on this pyramid scheme, but it is interesting that behind closed doors others are even more bearish than me.