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

To: jach who wrote (37874)2/2/1999 10:20:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
AMZN at this rate of downfall will be at 10$ in about two months.

jach,

I would not go that far. However, AMZN has been underperforming the market lately and in particular today. It appears from here on out the only ones that will benefit are the junk bond holders.

Glenn



To: jach who wrote (37874)2/2/1999 10:26:00 AM
From: Alomex  Read Replies (1) | Respond to of 164684
 

AMZN at this rate of downfall will be at 10$ in about two months.

One of the problems with heavily shorted stocks is that they have lots of support on the way down from people covering. This slows down their fall substantially, so I doubt it would reach $10 in two months. A year or two maybe.


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