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

AMZN 228.44

+0.5%

Dec 22 3:59 PM EST

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To: 16yearcycle who wrote (43990)	3/4/1999 10:15:00 PM
From: Sarmad Y. Hermiz	Read Replies (5) of 164684

Eugene, >> Now if we could get a good entry point, the decision would be easy. There are 160 million shares of amzn. 90 million of these shares are held by people who just issued the shares to themselves out of pure self-admiration. They didn't pay for them. Another 30 Million were acquired at about $2 or $3 per share. Don't you think they are trickling into the market ? Each day, officers of amzn sell thousands of shares that they get for nothing into the market. This latest drop (in its third day) is on 9 Million shares per day. The previous was on 4 Million/day. I think a lot more shares are finding their way into the market. Today you said perhaps amzn sold off because of msft entering the shopping arena. Is Microsoft accustomed to losing ? Do they shrink from price wars ? What do you think the effect of failing to increase revenue in Q1 will do to the price of the stock ? If the spin on this news goes the wrong way, you might get a good entry price tomorrow.

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