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


To: S. maltophilia who wrote (7497)6/25/1998 8:35:00 AM
From: Jeff Mills  Read Replies (2) | Respond to of 164684
 
Khalil--

Thanks for the correction. Wow--300 MM shares to work with. Maybe they could buy someone with those shares. Or split--up to 6-to-1! What a shorts worst nightmare. AMZN reminds me of DELL about 2 years ago. DELLs sharebase was small (25, then 50, then 100 MM) so it kept splitting and splitting--each time making huge runs and obliterating shorts. I am telling you, people who are calling for an AMZN "top" here are at a 48 MM share base, $4.7 Billion marketcap, and Dow 8900 are blind. They are going to be majorly surprised. Wall Street will run this to $125 with ease. The stock has become a battleground between traders. Wouldnt surprise me to see it touch $108 today.

Thanks for the info,
JM