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

AMZN 223.02

+0.2%

3:45 PM EST

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To: Glenn D. Rudolph who wrote (6867)	6/20/1998 3:26:00 PM
From: F The	Read Replies (1) of 164684

>>The open interest on the 75s was the highest. I believe the MM were buying the stock to get it to 75 and I also believe the monmentum is really gone. Friday was an option expiration issue. Look at the last 1/2 hour of trading.<< As I mentioned in the previous msg, I was concerned of the MM manipulation when the float is small especially during the option ex date. But the concern at the meantime is over for the option exdate. There will be a selling pressure because of too much inventory and profit taking. So Glenn, I have the same believe but how many times we have been right and wrong. 10% right and 90% wrong. It will reverse hopefully next week. The float should be more than 6m by now. Look at the insider trading: biz.yahoo.com. Just add another planned to sell from Ford Foundation. It is ashamed that insiders is being compensated glamorously before they can even produce income. The officers get their money no matter how the company is doing. I run a small business and my assistance get compensated more if I make more. If I don't make money, I would have to lay them off. I guess this does not apply here. Felicia

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