Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Oeconomicus who wrote (588)	10/28/1997 8:04:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 164684

You miss the point I think....these 19 million shares have been locked up and unsellable. On Nov. 13 th they become unrestricted thus eligible for sale, thus increasing the float....these shares were issued at the IPO for 18 dollars(or whatever the IPO price was . I forget exactly) and now the stock is 60, just 6 months later!!!!! I contend that alot of these shares will be sold for profit taking ....that will defintely depress the stock price significantly.....law of supply and demand, and all that jazz......best of luck....;^)

To: Oeconomicus who wrote (588)	10/28/1997 8:22:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 164684

Bob, I'm not confusing these shares with a secondary. However I believe that you will see some insider selling and some shares being sold to raise cash for the company, if not now, withing the next year. Even a million shares added to the float will kill this stock. People seem to also forget more competition is likely to start up soon. I'm not sure what will trigger the decline, but it will happen. BTW- I have deep enough pockets an can withstand a squeeze (which I admit might happen). I am quite comfortable being short on the stock. Like I said in other posts, don't bet the farm either way on AMZN.