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


To: re3 who wrote (76429)9/6/1999 11:49:00 AM
From: Eric Wells  Read Replies (1) | Respond to of 164684
 
>>guess amzn wasn't impacted by the retirement...

Ike - thanks for your message. If I was an Amazon stockholder, I would be very concerned about recent insider selling, especially among vice presidents, as well as the recent departure of two high level executives. If you compare Amazon to, say Microsoft - in the years after Microsoft's IPO, you didn't see VPs cashing out and leaving the company - most execs held their shares because they believed in the company. The question is begging: if Amazon execs truly believe in strong future revenue and profit growth for the company, why are they selling? And perhaps the most ludicrous aspect of this farce is that investor psychology will probably drive the price of AMZN to the "round number" of 100.

Thanks,
-Eric