Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Tom D who wrote (29971)	12/16/1998 11:47:00 PM
From: Gary Walker	Read Replies (1) of 164684

Speaking of insider sales.... The CEO of Borders has sold over 1/3 of his holdings. Several others at Borders have sold recently or filed to sell. So it looks like some of the brick and mortar folks are nervous too. Maybe they're buying AMZN as a hedge! I also read the WSJ story about funds dabbling in the internet stocks. They'll be quick to run for the exits if things sour. The Q4 sales results could be strong, but if profits are slim, then the rout may be underway. I just can't believe that the stock would run up $50 based solely on one persons opinion. This is really nuts. Great for the longs, but solid logic doesn't move a stock 25% in one day. Heck I've owned stocks of companies that were being acquired that didn't go up that much! Good luck Tom! gw

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