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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.21-2.5%3:59 PM EST

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To: Bill Harmond who wrote (30490)12/19/1998 5:33:00 PM
From: Gary Walker  Read Replies (1) of 164684
 
This isn't about fundamentals.....

"...the combination of thin float and heavy involvement by short-sellers in the Internet stocks could prove a big boost because the continued rally in the stocks is likely forcing the short-sellers to buy back their shares and get out. Their buying just sends the share prices higher."

Mary Meeker's former assistant is the Head of AMZN's Investor Relations. Gee, I wonder if she got permission to attend the private meeting with analysts?

EBAY is even a bigger joke than AMZN!

It's about thin floats, electronic trading, low commissions, rumors, ignorance, and greed. Fundamentals are dead....for now.
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