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

To: Brad Davies who wrote (1391)	1/26/1998 2:25:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 164684

>>>. Do you know by how much the float is due to increase, and when? <<< Ron not exactly, all I can say is that it can be sold at any time, and some part of it is likely to be sold (if not already) for the simple reason that it is such a large holding with a tremendous profit to be realized. 19.3 million shares is eligible for sale and the "float" is said to be 3 million shares.....in my book that spells disaster, especially when combined with the recent poor earnings report and the technical top reversal that took place on the charts on Friday......I believe given the high volume that has occured over the last few days that some of this stock has been sold already. Also, note the extremely large position that exists in the deep in the money calls for April and July 40 strikes....It would be a reasonable guess that insiders have sold deep in the money calls as another way to unload some of their positions......3 months from now I fully expect the float to be double if not triple what it is today, then it will be really hard for AMZN to sustain any upside move .........;^)