Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: doug doan who wrote (1601)	2/18/1998 10:18:00 AM
From: Candle stick	Read Replies (1) of 164684

The stock is being registered for sale, not actually sold at the time of the filing. We had several very high volume days over the last couple of weeks, and I am sure some stock was sold then. Probably the bids have since dried up and the sellers are waiting for some to appear to start selling again. Remember, the 144 is just registration and the stock can be sold at any time after that. It could be today, or it could be in 2 weeks. But one thing is for sure, it will get sold eventually.......... Low volume with a declining price is good I think. To me it means that the buyers are gone, and the sellers now have to wait or sell into a weak market and crash the price 4-5 points in a day. I think they are waiting at the moment, but since everyone knows they are in the wings waiting to sell, I don't think you will see any new buyers stepping up to the plate anytime soon. When the sellers do start selling again the stock will drop dramatically. I am looking for at least a test of 51-52 area and if that breaks a quick drop to 44. Over time (6 months) AMZN should end up below 30...........;^)

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