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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST
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To: Jan Crawley who wrote (14586)8/25/1998 1:39:00 PM
From: dclapp  Read Replies (1) of 164684
 
I'm seeing a lack of basic math skills here, re "3 million more seats" and a single hedge fund possibly moving the stock price.

First, this is a stock that trades 3-4 million shares a day. Another 3 million shares sold -- over 3 months -- is not going to appreciably move the stock. Assuming they are all sold, of course...they may not be.

Next, do a little math and tell me how many shares you'd <<really>> need to buy or sell to move the price around. You'll find that the numbers are very very very large.

These odd paranoid calculations also seem to ignore the fact that Amazon is a popular stock with the retail "general" public, who often play a large part in making this a NASDAQ "most active." As the net grows and more people learn about and shop at Amazon, this affection, I would guess, will only grow.

Finally, as someone who's had two of my own companies go public, and subsequently had to "dribble" out "founder's shares"...it should be clear that any large seller will not sell in such a way as to depress the stock price as they close or reduce a position -- even assuming they could do so, which I doubt very much in the case of Amazon.

So the "hedge fund / insider selling" speculations are very silly, IMO. Sorta like wondering which sparrow will take down a 747 leaving JFK... :)
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