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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: epicure who wrote (9929)7/10/1998 12:54:00 PM
From: umbro  Read Replies (1) of 164684
 
Is AMZN that liquid? I thought that was why we went up so
far so fast- because it was illiquid.

In my opinion, an urban myth created by the press because they
used incorrect data regarding the float, and then capitalized
on by the momentum traders, who scared the pants off the bears.
Sorry to be so repetitive, but the float on AMZN is between
15 and 17 million, which is twice the last
reported short interest (8 mil.), in June, and is more
than the float in any of the high flying i-net stocks. The
float might be 5 mil. higher, due to the secondary that the
company floated in early June, so that'd make 25% more shares
in the float and take it on up to 25 mil. or so. More than
that if/when the insiders unload (they control 30 mil/so).
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