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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.08-0.2%3:59 PM EST
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To: Oeconomicus who wrote (588)10/28/1997 8:04:00 PM
From: Candle stick  Read Replies (1) of 164684
 
You miss the point I think....these 19 million shares have been locked up and unsellable. On Nov. 13 th they become unrestricted thus eligible for sale, thus increasing the float....these shares were issued at the IPO for 18 dollars(or whatever the IPO price was . I forget exactly) and now the stock is 60, just 6 months later!!!!! I contend that alot of these shares will be sold for profit taking ....that will defintely depress the stock price significantly.....law of supply and demand, and all that jazz......best of luck....;^)
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