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


To: Rob S. who wrote (75956)8/31/1999 1:05:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
<Market exuberance is at odds with a reigning in of excess liquidity and the attractiveness of stocks of revived foreign economies. This
trend is unlikely to change much for months.>

Market exuberance?? Whatever little there was is certainly now in the waste bin....

<The expectations for an Xmass season revival may turn out to be over-rated but is the best hope for encouraging a mood of song and
dance under the Internet revival tents - get out the snake charmers and stock preachers and get ready to roll in the isles.>

Rob?!? Have you been hibernating these past 18 weeks??? You need to transport your charmers and preachers to another sector! Perhaps indefinitely! Amazon may be nothing more than a turtle like csco in the making. Sad but true. <g>



To: Rob S. who wrote (75956)8/31/1999 1:09:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
taking AMZN down to at least 70.

Hi Rob, during earlier days last month I thought that Amzn$65 was sorta possible. But I don't think so anymore coz:

1. Janus accumulated close to 16M shares and the average cost for Janus would have to be over $120 judging from the reporting dates.
2. The float is around 65M shares now...but over 70% of the float, about 48M shares, are in the institutions' hands.
3. Persistent short interest in the 15M shares area.
4. Amzn continues to be a high-profile "table" capable of attracting players at anytime.
5. The split will give the appearance of a "cheap" price.