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

To: Rob S. who wrote (35595)	1/20/1999 4:50:00 PM
From: Don Westermeyer	Read Replies (2) \| Respond to of 164684

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. More likely he is seeing the price go down and wants to cover his a**. 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?