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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: Rob S. who wrote (75956)8/31/1999 1:09:00 PM
From: Jan Crawley  Read Replies (1) of 164684
 
taking AMZN down to at least 70.

Hi Rob, during earlier days last month I thought that Amzn$65 was sorta possible. But I don't think so anymore coz:

1. Janus accumulated close to 16M shares and the average cost for Janus would have to be over $120 judging from the reporting dates.
2. The float is around 65M shares now...but over 70% of the float, about 48M shares, are in the institutions' hands.
3. Persistent short interest in the 15M shares area.
4. Amzn continues to be a high-profile "table" capable of attracting players at anytime.
5. The split will give the appearance of a "cheap" price.
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