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Technology Stocks : OnSale Inc.
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To: M. Dion who wrote (1789)11/26/1998 2:38:00 AM
From: Gil Gilbertson  Read Replies (1) of 4903
 
The stock to watch is AMZN, it just didnt have any umph today and I believe the party is over for now. For AMZN to rally it has to overcome 18 million shares sold above the current price. If these were short sales by the friends of insiders, then we have a secondary
coming to dilute the stock and they will be glad to sell as many
shares as the public wants at 210+.
If AMZN tanks next week, it will take all the rest with it and put
the tech sector in a pretty good correction up until a year end
rally.
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