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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (17142)1/20/1999 4:47:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 18691
 
Mr 'Amazon to $400' (Blodget) is getting cold feet:


Another big loser, according to CIBC Oppenheimer, is Amazon.com. Analyst Henry Blodget said the online retailer of books and music could be hurt by the at-cost selling strategy. Blodget, who set a $400 stock price target (before its recent 3-for-1 stock split) on Amazon.com shares, said he is concerned about the company's deteriorating gross margins. He advised investors to wait until after Amazon's fourth-quarter earnings report on Jan. 26 before adding to positions in the stock.


This guy is incompetent. If he had looked at Amazon's own press releases and understood the retail business at all he shouldn't be surprised at low profit margins. Ooops, did I say profit and Amazon in the paragraph?



To: Roger A. Babb who wrote (17142)1/20/1999 5:20:00 PM
From: blast_investor  Read Replies (2) | Respond to of 18691
 
Roger, why did you cover shorts? Do you think the internuts
crash will be over?



To: Roger A. Babb who wrote (17142)1/20/1999 8:12:00 PM
From: Tom Hua  Read Replies (1) | Respond to of 18691
 
Roger, I also covered my amzn short from 160. And I did the unthinkable, went long at 114. I'm not convinced that the masters up in Seattle will sit back and watch their stock decline, after losing 43% from the high reached 2 weeks ago.

Regards,

Tom


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