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


To: DAY TRADER who wrote (32808)1/5/1999 10:40:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
>They are all saying AMZN is a STRONG BUY!

Boston Chicken was rated a "BUY" by two major wall street houses up until the day they filed for chapter 11.

You'd think the drop from 40 bucks to 40 cents would have prompted them to maybe drop it to a "neutral" at least, but no, it was still a "buy"

Of course, none of this has to do with the conflict of interest that underwriters have with Amazon or the other net stocks. Or their desire to get secondary offering biz when these unprofitable internut stocks need cash (as Amazon will very soon, about 7 months from now)



To: DAY TRADER who wrote (32808)1/5/1999 11:00:00 PM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
Dt>>They are all saying

AMZN is a STRONG BUY!<<
They say that the last one in, is the Fool.
Welcome.



To: DAY TRADER who wrote (32808)1/5/1999 11:23:00 PM
From: Avariceman  Read Replies (1) | Respond to of 164684
 
Anybody who has 1/2 a clue knows that analyst recommendations are essentially useless. They are good at reeling the uneducated investors. I read some where that last year there was only 2 "Sell" recommendations and a hand full of "holds" from all of the analysts coverage of listed stocks on the NASDAQ. It's all about generating investment banking dollars for the firm. That's it. The only purpose they serve, early in a stocks life, is to generate interest and build momentum but after that the analysts don't dare tell the truth because it will cost them there jobs and there firm big bucks. AMZN may acquire some other net players to continue there growth. Who do you think they are going to go write the 25 million check for investment services rendered. The same gang that's rating the stock a "Strong Buy".