AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) Message Board

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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN)

AMZN 230.34

+0.5%

3:59 PM EDT

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To: Gary Korn who wrote (172)	8/15/1999 7:15:00 PM
From: Bilow	Read Replies (1) of 182

Hi Gary Korn; Back in spring of '97, AMZN was still growing like a weed. Of course their growth was slowing, but not enough to worry the herd. It was also hard to borrow shares, wasn't it? Now it's on the daytrading list as a borrow as much as you want, and take it home stock. One of the clues that I have noticed that tells when to short over priced story stocks that have high insider ownership (i.e. low float / total shares) is that they tend to peak at about the time that the public float reaches 50%. There must be some sort of theory that says that that is the point where the desire of the insiders to pump the stock price intersects with their desire to get out while the getting is good. I hope you had a stop loss on that short. Mine right now, is $200, cause if it gets up towards there, I will assume that they may be able to force conversion on their debt, which is what they pretty much have to do, to avoid eventual debtor's prison. -- Carl

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