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


To: doug doan who wrote (1517)2/11/1998 10:58:00 AM
From: Don Westermeyer  Respond to of 164684
 
Doug,

Thanks for the input.

FYI - Lockup ended about 3 months ago. There has been some insider selling, but not enough to keep the stock from getting squeezed (like I assume it is now).

The squeeze has happened several times before. It is hard to believe the stock is as high as it is with the additional float, considering the stock barely hit this level after 'blowout' earnings in January.

Maybe when its market cap EXCEEDS Barnes and Nobel the stock will cool off.



To: doug doan who wrote (1517)2/11/1998 11:00:00 AM
From: Oeconomicus  Read Replies (2) | Respond to of 164684
 
Doug, re This will then free insiders to unload. There is an obvious financial incentive for them to do so ...

Sorry to have to tell you this, but we've all been saying the same thing since the lock-up actually did end last November 13 or 14. I keep throwing good money after bad here, rolling to farther out put expiries, but unlike all the failed around-the-world balooning attempts, this one stays aloft.

The whole market is full of hot air and I'm not even sure an Iraqi SCUD can bring it down (they can't aim the things anyway). Perhaps China will deny fly-over clearance and it'll run out of fuel.

Bob