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


To: Gary Walker who wrote (31537)12/29/1998 3:01:00 AM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
An interesting note- while most internet companies are not allowed to discuss this quarters numbers, due to the "quiet period", Amazon managed to slip around this legality by sponsoring a survey that asked people about their online shopping proclivities.

Of course, this allowed them to pump another press release out the door and continue the feeding frenzy, without actually breaking securities regulations.

Gotta hand it to Bezos, he's got one hell of a sneaky PR department.

I can't WAIT to see what kind of releases we see around Jan 4. I doubt Amazon would be so bold as to try and float another one of those press releases themselves, but I can certainly see Mary M. and her gang coming up with a rosy commentary or two, and perhaps another re-itteration of "strong buy".. (i still dont understand why they have to repeat their recommendations every two weeks, if it hasnt changed then I don't need to hear about it!)



To: Gary Walker who wrote (31537)12/29/1998 8:26:00 AM
From: tonyt  Read Replies (2) | Respond to of 164684
 
>I don't agree with you on this. The brokers and analysts are just worker bees.

Yeah, right. They're just following 'orders'.

>The root cause of the bubble is the Federal Reserve Open Market Committee.

Now that I think about it, I did see Greenspan twisting CIBC's arm when they raised their target on AMZN from $150 to $400 just because 'it blew past our target' ;-)

Yep! that 1/4 pt reduction in rates is what did it! The increase in AMZN's target by 165% had no effect.