Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+1.5%

12:24 PM EST

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To: Bill Harmond who wrote (14208)	8/21/1998 1:43:00 AM
From: Jan Crawley	Read Replies (1) of 164684

But the basic technical strength in the stock is due to strong hands who have consistently accumulated stock offered by both longs and shorts. My biggest concern/problem with the strong hands: there are 15 million strong hands holding Aman at an average price of under $43, I am sure that all of the 15 million stong hands would like to sell their stocks at higher than today's $130 per share, so many sellers, who is going to buy it but the shorts whom are diminishing in numbers(less than 5 million left). We are not even talking about the other 80% of the stocks/sellers..

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