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

To: Peter V who wrote (7480)	6/24/1998 8:07:00 PM
From: J.S.	Read Replies (2) \| Respond to of 164684

Unsophisticated investors Until recently, I doubted that they could be such a factor. However, the lack of large block trades (although this could be deceiving) and the level of comments of people on this thread and on the Yahoo thread have given me second thoughts. People actually believe that stock splits create value and wonder why companies don't do it all the time. They look in to the future and project the stock splits at regular intervals. They are unaware of the academic data that consistently shows that stock splits, if anything, are bearish. Professional traders, using put options as protection, may be contributing to this also. I will be interested in tomorrow. joe