Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Glenn D. Rudolph who wrote (25000)	11/7/1998 10:39:00 PM
From: Jan Crawley	Read Replies (2) of 164684

t hurt me too. I do not see this huge drop near term as some call for. I see a slow decent due to dilution but a large drop by Q2 of 99. That is what I believe will occur. Glenn, the institutions own more than 11 million shares of Amzn with very very low averages. I think some of them have "sold high" and "bought low" portions of their holdings in the past few months with the swings(the market guide reported that during the Jul-Sept. quarter, instituions bought/sold 2 million plus Amzn shares). But 11 million shares are still in strong hands. However, they will not add to their holdings at >$100 price level and therefore they will not be the principle buyers of the new shares.

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