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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: Candle stick who wrote (1605)2/18/1998 3:03:00 PM
From: Tom D  Read Replies (1) of 164684
 
Nice find, Candlestick.

I just checked the last book I bought, a medical textbook. It was $103.95 at Amazon, and the lowest price was $99 at some place I never heard of. I don't know what market segment I represent (physicians?) but I like the community feel of Amazon's site. I am painfully aware of how little time I have. I think it would have to get to about a $10 difference before I would go through the hassle of getting registered at a different site.

The comparative web sites mean that the war of attrition is in full swing. Survival issues are things like: economies of scale, overhead, how deep the pockets are, mind-share etc. Amazon got there first and is already dug in for a long battle.

Is anybody keeping track of how many cumulative shares have been sold by insiders? Candlestick and others have made several dire, bearish postings about insider selling. Considering that the lockup ended in mid-November, it sort of looks like something on the order of only 1 million shares (out of 19 million) have been sold in a few months. Obviously this leaves 18 million to go--but it doesn't seem to me that the insiders are lacking confidence in this company. Any other views?

Best Regards
Tom D
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