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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Jan Crawley who wrote (25004)	11/7/1998 10:44:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

But 11 million shares are still in strong hands. However, they will not add to their holdings at >$100 price level and therefore they will not be the principle buyers of the new shares. Jan, You and I agree. I was looking for a drop slowly to around 100 or 90. I really do not like to make price predictions. My reasoning on the drop is the shares coming out now will not be bought by insitutions at these prices as you stated. I believe there will be more shares than the small investor will be able to absorb. It has been enjoyable to watch the last few days. Glenn

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