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

To: Bill Harmond who wrote (41920)	2/23/1999 12:56:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

>>Blodgett left Opco for Merrill Looks like Merrill's clients tired of waiting for Amazon to get down to 50 pre-split. To borrow the phrase, Cohen was using a wind guage to measure a nuclear explosion. Cohen has not been proven wrong as of yet. Glenn

To: Bill Harmond who wrote (41920)	2/23/1999 2:54:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Cohen used his training in trying to judge valuations rather than just go along with the flow. In the long run his forecasts may prove more accurate. Certainly Blodgett's and Meeker's forecast and targets are reaching further into the netherworld. But dishing out words of caution isn't what these people get paid seven figures for. The brokerages would just as soon they leave common sense to Greenspan and let their ANALS go with the market mania and be partly the cause of it. They make the big bucks by riding the tiger, not by warning people that at the end of the ride they may be eaten. The volume and price action today is weaker than yesterday. The upside move probably still has life to it but will run into profit taking before much more, IMO.