Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.42

-0.3%

10:34 AM EST

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To: Bill Harmond who wrote (24706)	11/6/1998 11:19:00 AM
From: Jan Crawley	Read Replies (1) of 164684

For most of them Amazon is still most of their wealth. They should be diversifying away, regardless of their convictions. They're getting fresh options all along. I totally agree. Amzn currently has 53 million(not including the additional 9 M issued merger and employee options) issued/outstanding shares. Out of the 53 million, only 13 million shares is in the float. As far as the float goes, there is only one way, that's up! Current institutions own Amzn shares with very low average cost base(under $20). None of them are planning to add to their positions at this $120 level. Unless you are buying? Glenn is only trading.

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