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To: AugustWest who wrote (1120)1/11/1999 12:24:00 AM
From: g_m10  Respond to of 20297
 
OT. Amazon stock keeps on rising

By Steven Mufson / The Washington Post

Last month CIBC Oppenheimer analyst Henry Blodget startled investors by setting a one-year price target of $400 for Amazon.com, then selling at $240 a share. But in just 15 trading days, the money-losing Amazon.com has smashed through Blodget's target. Amazon, which split 3-to-1 this week, surged to $158.87 1/2 a share Thursday, up $20.87 1/2. On a pre-split basis, the current price would equal $476.62 1/2, a rise of 96 percent in three weeks.

detnews.com

Money losing Amazon stock increased 20-fold over the past year. Go figure.