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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.35+0.3%10:55 AM EST

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To: Jan Crawley who wrote (37585)1/29/1999 1:05:00 AM
From: Yojimbo  Read Replies (3) of 164684
 
Jan - My "question" is -- Who is the prey now and who will be next? are the day traders and trading houses the sharks? Both longs/shorts are the targets at different times?

imho, the $1.25b + 15% shoe are liquidity pumped straight into the institutions. this, by its very nature, is a long position. thus, the remaining float will:

(a) likely be less influenced (at least in the s-t) by institutions,
(b) see selling pressure from institutions hedging their notes, and
(c) be equity that's ~ $1.5+b underwater in liquidation preference.

plus, the size of the float is stable.

so i would interpret all this as downward pressure.

though, they will have $1.5+b in the bank to subsidize all their "loyal" customers!

y
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