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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.85+0.4%12:39 PM EST

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To: Cap_Loss_Cfwd who wrote (73097)8/11/1999 5:13:00 AM
From: Steve Lee   of 164684
 
Look at the Janus holding this way:

Janus had less than 5% in April. Janus now has more than 10%.

This means Janus has bought between 5% and 10% of the outstanding shares between April and now.

So if whilst Janus was accumulating all that stock and the price dropped more than 50%, there must have been massive distribution from even larger holders. Recent distribution is BAD for stocks.

Now if Janus were ABOUT TO BUY 16 million shares, that would be good news. Consider what would happen if Janus decides to SELL those 16 million shares. If they had already done this, when would it show up in a SEC filing?
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