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

AMZN 233.23

+1.8%

12:59 PM EST

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To: Rob S. who wrote (33292)	1/7/1999 11:04:00 PM
From: Steve Yuan	Read Replies (1) of 164684

Though I am a strong believer of internuts, I sold half of my holding and reduced the use of margin to a minimal. The rapid increase of flagship stock price has greatly increase the purchasing powder of retail investors and enable them to borrow even more to make easy money from internuts. I guess this self-propelling effect greatly increases the liquidity of this market and may last for a while, ranging from a few hours to a few weeks. I am just curious. Does anyone have any data regarding the percentage of retail investor using margin and the average size of the margin? Thanks.

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