Amazon.com, Inc. (AMZN) Message Board

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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: Techie who wrote (27145)	11/19/1998 9:46:00 PM
From: Jan Crawley	Read Replies (1) of 164684

A 3 for 1 split may slow down the momentum in this stock. The float is increasing way too fast for the good of the longs and I know for fact that many many shorts capitulated the last 2 days. The purpose of the 3 for 1 split: To enable all the small retail guys to pay $50 per shares(after split), so the big guys may sell their shares for $50 pre-split Most of the institutions(elephants) have $20 to $30 cost base, that's about $10 after the 3 for 1 split.

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