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


To: Sarmad Y. Hermiz who wrote (41867)2/23/1999 9:01:00 AM
From: Sonny Blue  Read Replies (3) | Respond to of 164684
 
Sarmad, many other retailers reporting great sale numbers even in the slowest month of the year - January. This could be the biggest surprise of all that Amazon may have greater sale number in Q1'99 than Q4'98 as Tom D. alluded to earlier.



To: Sarmad Y. Hermiz who wrote (41867)2/23/1999 12:21:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
I don't know. Meeker and Blodgett are more influential than most analysts who follow the net stocks. Blodgett left Opco for Merrill
thestreet.com
He is probably worth a billion to them in brokerage fees and commissions over the next few years. Some will overlook current valuations and advise the public to buy Amazon regardless of the risk. They may be advising their own clients differently or prior to public announcements. The Analysts have probably been told more about what Amazon plans to do with all the money they have accumulated. They know that a flurry of announcements of acquisitions, agreements and expansion of products and facilities will occur. Any analysis of what payback might be expected on the escalating cost of expansion will be masked until latter.

Still, I don't think that announcements between now and mid summer will be enough to change the trend in money flow, seasonal growth factors and lack of enthusiasm and profit taking.

IMO, we will see another few days of upside bias but Amazon will trade in the range between 105 and 125. Unless something really exciting happens, the stock will trade down after that.



To: Sarmad Y. Hermiz who wrote (41867)2/23/1999 5:21:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 164684
 
Yup, Meeker is hyping the i-nuts again. I think her rhetoric was actually conservative for her, ie not 'pounding the table' anymore and talking 'long term'.

Still think AMZN will flame out before it hits $130.

OTOH no doubt Meeker and co. will be swooning over the expected Q1 sales explosion.