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


To: X Y Zebra who wrote (60195)6/3/1999 12:53:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
Gastón,

>> Forgive me for my ignorance of the English language, but what does "accumulate" mean...?

I forgive you. Others might not. But the interesting thing about accumulate at this price is that it is way below his recent 150 target, and also below his 400 target. And of course way below the 280 drug induced target.

It really means that Henry is using TA and will not issue a strong buy until he sees a clear trend up. So if you want to see the rating raised, get all your friends to buy. At least to the point where I break even on my unfortunate 114 buy on Tuesday.



To: X Y Zebra who wrote (60195)6/3/1999 1:08:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>>Yesterday Henry B. Issued an accumulate for amzn saying it will experience weakness into August. <<
Henry B?? I love this story. Before Dec,16 1998, no one had ever heard of Henry Blodget. This rookie made his debut by saying he was raising his target price from $150 to $400ps.
The herd followed suit, Merril recruited him because they weren't recommending Internets then. They paid him several $million to come on over, and this little amateur hasn't done anything since.
Except cover his ass with an accumulate.
Ps
Bloget is no Mary Meeker,Kerrigan or Benjamin, trust me on that. @ least Mary got there early while this little shit came in last.
The problem with coming in last is, that's the person the door hits on the ass.