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

To: Banjo who wrote (44928)	3/10/1999 7:39:00 AM
From: Glenn D. Rudolph	Respond to of 164684

I just read the ML report from start to finish, and I must say that Blodget presents one of the best arguments that I have read thus far, esp for Amazon. Will trigger entire new rally/new highs in AMZN,YHOO,AOL. Banjo, I agree about the argument and I am in a tight spot since I am long but predisposed to be negative on AMZN's fundamentals. Blodget only looks at the positives, uses a lot of fluf and even states all must be done to perfection. I do not deny that the read is very bullish and is written very well. I am not at all sold by Blodget's argument but I sure hope the market bids AMZN up based on that argument. My point of contention is that in the report Blodget discusses two possible scenerios one of which makes AMZN moderatly succesful and AMZN does not grow into its present valuation and the other is AMZN is very succesful and we obtain a lot of appreciation in valuation. The possibility of total failure is not mentioned as though that is not possible. None the less, I would like to see 10 or more points to the upside on AMZN today. Glenn