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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (63394)	6/19/1999 6:10:00 PM
From: Sarmad Y. Hermiz	Respond to of 164684

>> What kind of price range for Yhoo July 7's e-run?? If there is no e-run, no excitement, then the Casino will just be closed for the summer?? unthinkable? So there better be one, big or small. << What's keeping amzn, ebay, yhoo at 50% off the high ? How about the most obvious reason. Expanded float. Is it possible there are not enough committed holders for all the millions of shares sloshing around ? How do you bring in buyers. That's the brokers job. They tried valiantly last Q. But anyone who took their advice is probably sorry about it now. So I don't think brokers can bring in enough retail buyers to put away enough shares to raise the price. The only other place that can contain all the shares being dumped by the insiders is trading funds. It is plausible they will buy at this level. But I think they will wait until they see retail demand that they can dump to at higher prices. After all that's how they can realize their profits and recycle their capital. So what's stopping them ? Either inflows into internet funds are slow (or reversed ?), Or the managers feel it is too early. I cannot imagine any exciting news in the Q2 report for Amazon, eBay, or Yahoo. Conclusion, we're stuck in a near dead market for a few months.