Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Mark Fowler who wrote (24321)	11/3/1998 9:10:00 PM
From: Rob S.	Read Replies (1) of 164684

It could go a lot lower than that over the next few weeks. I expect the brokerages to muster support for the de-facto secondary offering of 2.7 million shares that are registered. I'm sure they have worked out an arrangement with Amazon to support the price through their retail channels. We wouldn't want a crash in the stock before the insiders, VCs and investment banking firms (pimp brokerages, oink, oink!) clear away a few hundred million $ now do we? So I expect the price to stay in a range for a while but drop after the plunder - toward the end of the month. The average time AMZN has spent near the peak of a run up is about 10 days. It's almost there.

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