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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.29-0.5%12:17 PM EST

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To: Bill Harmond who wrote (17911)9/22/1998 11:36:00 PM
From: Jan Crawley  Read Replies (2) of 164684
 
I think Yahoo is a special case. They blew the community away last week. I think Amazon needs to reveal more planning before it gets another leg-up, but I don't think there are enough shares outside institutional hands for the shorts to cover, so any kind of fireworks are possible. I have less of a feel for AOL.

Bill, I respect very much the above analysis!!

Amzn's price movements are controlled by "trading elements/variables" only, has little to do with e-commerce or fundamentals or future expectations...

But, I think that the institutions have started to sell into the rallies lately, and will continue to do so....and insiders are selling too therefore, the fireworks will be far less spectacular..

Agree?
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