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

To: Candle stick who wrote (820)	11/20/1997 12:29:00 AM
From: William T. Katz	Respond to of 164684

I don't think hardly any of the unlocked shares have been sold yet. It makes sense too. I'd want the shorts to stew a while before unloading my shares. I'd even explore a secondary offering which let me roll my selling into a more favorable scenario. The volume has been relatively light although I think if this stock breaks down, it might break down big if the insiders feel its their last chance to get out at $50+. My feeling is that it will only take one statement to have the whole stock unravel. That statement might be Book Stacks deciding to really go for the "books at cost" scenario. Since they make their money in memberships, it would create an incredible price war. Another scenario would be either Borders (as a grand opening ploy) or B&N broadcasting a greater discount (e.g. 50% off hardback, 40% off paperbacks) to kickstart B&N awareness. B&N has the volumes to really trim prices, esp. if they look at the lack of overhead compared to their retail stores. A third scenario would be the entry of the publishers themselves. They would obviously have the greatest ability to cut margins. I got back in the AMZN short and might be accumulating a larger short position on a move up. The Korean situation looks dreadful and if the Japanese banks/govt starts selling US bonds ... well ... -Bill