Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.70

-1.2%

Nov 14 3:59 PM EST

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To: H James Morris who wrote (118917)	2/28/2001 11:02:08 PM
From: stockman_scott	Read Replies (1) of 164684

Yeah....Janus has cut way back on their Internut holdings...They put a billion dollars into Healtheon (at around $60/share) and its only dropped since then....Last time I checked they were also the largest institutional holder of AMZN. I could never understand how a Firm that prides itself on really digging deep and doing great research would ever see incredible UPside with AMZN. They also boarded the PCLN train at much higher levels than the stock has seen in a while. Only with eBAY do they have a reasonable firm that may give them a good return over time. They have really trimmed their positions BUT its very difficult when you are one of the largest shareholders <G>. Janus did well when everything was going up and they could ride the momentum investing wave. Yet, they have lost billions for their stakeholders in this new environment. And they still pay their young Fund Managers millions of dollars each year...;-) Best Regards, Scott

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