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

To: tonyt who wrote (30216)	12/16/1998 10:24:00 PM
From: Tradegod	Respond to of 164684

Later in the day, Mr. Blodget said in a "clarification" that his new price objective is a one-year -- and not a near-term -- target. Mr. Blodget said Amazon, like other Internet stocks, is extremely volatile and is like to advance in a "three-steps-forward, two-steps-back fashion." He added that the stock's recent advance "looks a lot more like four steps forward" and that he would therefore not be surprised to see a significant pullback in Amazon's stock at some point. In addition, Mr. Blodget said that because Amazon is a retailer, its business model will ultimately resemble that of other retailers. The company could therefore post a sequential decline in revenue in the first quarter, which could cause a significant pullback in the stock since this would be the first sequential revenue decline in the company's history. "We would not, therefore, go hog-wild with the stock at current levels in the expectation that it will go straight up from here," Mr. Blodget said. "An investment in the shares clearly requires a strong stomach and a great deal of faith."