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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: Slumdog who wrote (44014)3/4/1999 11:07:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 164684
 
I really just don't know. I waited until there were 10 Million shares of amzn in the float before I shorted it, and still got caught in the squeeze at 199.

For the Bezos' family, it is not an issue whether they sell 10 million shares or 20 or 30 to cash a $ Billion or two. It is more than they ever dreamed of anyway.

But for the funds who own the shares and bought on the way up it is crazy to hold. I think they are not holding. I think funds buy when it dips to 90's or 80's then sell higher, such as now. I have no other explanation for the drop on higher volume.

You know that Yahoo insiders sold about 3 million shares 10 days ago. That seems to explain its weakness, also. Whereas ebay is going higher every day with its super small float.
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