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

To: Bill Harmond who wrote (79466)	10/3/1999 6:43:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Hi Bill, welcome back. Now let's see, Re-Amzn: Total outstanding-- 337M shares Float-- 132M shares Institutions ownership-- Apprx. 90M shares short interests-- 35M shares(I think that a few Ms were covered last week) Therefore retailers(non institutions) are holding 77M Amzn shares. (132-90+35=77) At or above $80, I think Janus has started to unload some of it's 38M shares Amzn holding. Why would a growth fund want to own more than 10% of the outstanding(almost 30% of the float) shares of Amzn for an extended period of time?

To: Bill Harmond who wrote (79466)	10/4/1999 8:02:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

William -- went long IBM today, lightened up ever so little on gold, and re-entered some OEX puts at the end of the day. I don't know what to expect now -- I have a good feeling about gold, but that is about it. The move on gold today showed some real strength. Somebody out there is hurting -- defaults by shorts are rumored to be in the works, which will really panic the investment banks and put pressure on lease rates and continue to fuel the move up -- remember what it was like when the shorts were on fire in the inets? :) I do not understand why YHOO sold off a bit today -- nothing significant, I know, but I don't see why Yahoo would be weaker than the others.