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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Joseph G. who wrote (2840)7/8/1998 2:56:00 PM
From: IceShark  Read Replies (3) of 86076
 
Joe, It certainly looks like it. That moron Bob PissAnt was just on CNBS and said AMZN's free float was only 6M shares. Well that is quite incorrect, since it doesn't take into account the twofer split last month, nor recent insider sales. Real estimates of free float are ~ 16M to 19M. Then he goes on to say that with these average NAZ trading volumes of 7M shares means people are buying and selling a couple times a day (apparently he doesn't know NAZ reported volume is overstated by at least a factor of 2), and winds up noting how short interest exceeds float i.e. squeeze. And this is the TV station of financial record? -g-

And off goes little AMZN much to the MMs delight. Sooooo, lets see what YHOO does tonight. If they announce a 4 or 5 to 1 split, clear all overhead aircraft. -vbg-

Regards, DWW
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