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

To: Jan Crawley who wrote (74530)	8/18/1999 8:16:00 PM
From: Sabrejet	Read Replies (2) \| Respond to of 164684

Float don't mean crap Jan. That's one of the weakest arguments on the net. Do some research on short interest stocks. What you'll find is an awakening. Stocks that have a large short interest have that for a reason. Those stocks also eventually succumb. That's fact. To hell with Janus. If I owned 1/4 of the outstanding shares in AMZN, (1), I wouldn't be adding to my position, (2) if I didn't sell this at or near those all time highs, based on fundamentals alone, I would fire the manager for not doing so. I don't give a darn about a target price. I've been at this long enough that he could have said 300 and that don't mean a thing. BTW, who was selling all those shares from the 250 range down to 85??? Let me guess, the uniformed non-institutional investor! You need to check the turnover rate of institutional ownership. I bet it's off the charts!! I got it now! Sabre!

To: Jan Crawley who wrote (74530)	8/18/1999 8:17:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Hello? it's a smart call by Blodget. As far as Amzn is concerned, he sees: 1. 64M shares in the float 2. of which Janus owns more than 16M; (the total instituion ownership is about 70% of the 64M) 3. Short interest is over 15M. 4. He targeted $150 this time,(from $110-yesterday's closing) and giving a good/popular X'mas reason. It's only a $40 call(unlike the $400 price target in 11/98). Jan, Your comments are accurate and make perfect sense. The compolaint i have with Blodget is he is a momentum analysts whatever that may be. Merrill's basic philosophy is conservative (at least it use to be) with the buy and hold strategy. Blodget does not fit their style. Glenn