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


To: Sarmad Y. Hermiz who wrote (45618)3/14/1999 12:42:00 AM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
Blodgett wasn't hired in his new Merill Lynch job for his experience. Merril knows that there is a segment who now follows him because of his correct Amazon call, and thus he is a "tool" that is valuable to them.

After all, now Blodgett can tell all the ML clients his buy recommendations before the public hears them, and the ML clients will be happy.

Anyone who thinks it isnt a game needs to look a little harder. :)



To: Sarmad Y. Hermiz who wrote (45618)3/14/1999 8:42:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Is it really clear the street follows his call and others. This last time which was a few days
ago, the effect of his report lasted 4 hours, and ran down over the next two days to below
130, where it was when he issued the 150 target.

Is it possible that only day traders followed his call and lifted the price, and when no real
buyers materialized, price ran down ?


Sarmad,

It is likely the day traders and the reason no real buyers materialized was a weakness in the tech sector of the market. I know AMZN is not a tech company but the day traders treat it that way. In either case, I suspect that had the tech sector of the market been strong, Blodget's call might have had a lot more effect.

I am like you at this point. I do not want to be on the wrong side of a moving train. We have both been throught the wringer.

Glenn



To: Sarmad Y. Hermiz who wrote (45618)3/14/1999 9:51:00 PM
From: HG  Respond to of 164684
 
I actually like the idea of giving Disney drugs to my li'l one when he's sick. It sounds more reassuring and happy !