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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.29-0.5%12:17 PM EST
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To: DarrenS who wrote (1019)12/17/1997 9:24:00 AM
From: Candle stick  Read Replies (2) of 164684
 
Darren, ALL 19.3 million shares from the insiders have become UNLOCKED....very little have been sold yet, but I am sure that there have been some large option positions created for the express purpose of getting rid of insider stock. As time goes on the real float will be seen to be increasing, and I expect that any runups will be shortlived as the newly unlocked shares would take advantage of runups to sell into. Dilution and competition in combination with unrealistic valuation will be the demise of this highflying story stock.....remember, just before the unlocking of the 19.3 million shares the float was only 3 million.....now its 22.3 million. Not so easy to hype up anymore............;^)
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