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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: dennis michael patterson who wrote (32932)	1/6/1999 11:16:00 AM
From: H James Morris	Read Replies (3) of 164684

Very good post,>> But remember what Mary Meeker said: at some point, institutions will buy. And then, look out above. People who claim institutions have been big sellers are mistaken. They have been neither buying nor selling. They're not here, yet (again, see the Meeker article in Barrons);<< I disagree with the above. I believe the institutions moved into the 'Thing' starting last May in a big way, and until the split controlled the float. Now, I do agree that they haven't been sellers since. Why should they? As you so wisely pointed out. Fundamentals have never applied here, and it appears never will. As I've posted here many times before. "This is a stock that the fundamentalist's should not mess with". You can trust me on that. Ps Do you think that the 7.5mil shares that DMG accumulated wasn't institutional ownership?

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