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jeandit75 » Comments » AMZN

  • 3 Reasons Why Mahaney Thinks Amazon Can Go Higher [View article]
    Sorry to disappoint you friends but AMZN is currently in a clear downtrend when looking at its trading pattern since the end of 2007. AMZN, as for any other company selling books and widgets through the Internet, is not immune to the recession. Just ask the poor people in Michigan, as an example, those who lost their jobs at GM and have worthless homes, if they intend to increase their spending through AMZN. I think I know the answer. The stock is going back to $40 before the year ends and much lower in 2010.
    Apr 21 11:17 am |Rating: +3 -1 |Link to Comment
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