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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.67+0.3%9:30 AM EST

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To: H James Morris who wrote (16090)9/4/1998 12:27:00 PM
From: Jan Crawley   of 164684
 
Now, I do have a concern when I see the little guy paying $145 for a concept and two weeks later seeing it at $65. But, that's life in the Casino.

James I do believe the 2 million plus insiders sale was largely responsible for the drop from 137 to 65. The shorts profit taking(via puts too) was largely responsible for the supports.

The up-coming/anticipated 3 million shares sale (plus the additional insider sale) before/during October will be another wonderful opportunity for all!!

The little guys(if they indeed was part of the driving force for the past 6 wks and bot a bunch at $130 plus prices); They are hurting and learning their lessons!!

However, I still "trust" your float and sellers were/will be the controlling variables.
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