Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Harmond who wrote (41979)	2/23/1999 4:35:00 PM
From: Rob S.	Respond to of 164684

Oh come on William. Blodgett had a 12 month target on Amazon that was greatly exceeded and only after Opco told their clients to sell and the stock headed down did Blodgett advise that Amazon was due for a correction of 30%. That correction was deeper than expected. Now that it is save to pump up the speculation once again, he has issued more bullish comments. Now what is his target and how does that relate to the risk in the stock? Is it wherever the speculators take it? If forecasts imply that it might be worth 100 in 12 months is it reasonable to be bullish because the stock is at 110 and might be speculated to 190 by the end of the year? While I agree that it is well worth paying attention and following Opco and now Merrill's advise, I would be very careful following Blodgett's public statements. Go with the flow but be careful of these self-serving idiots.