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

To: Glenn D. Rudolph who wrote (8103)	6/30/1998 9:06:00 AM
From: Peter Church	Read Replies (1) \| Respond to of 164687

Thanks Glenn for the information on GDNO. That looks like a well staffed company! If it wasn't so expensive, the stock would be very interesting. They have the right idea---down load music directly off the net, and the connections to pull it off. But a stock that has increased in value by 112 times in 6 months is a little scary, even in these post-modern times. By my calculations, the momentum traders @ Amazing Amazon were able to work off 2 M of their inventory of stock yesterday. They have to sell about 8M more to unwind their buying spree from last week. They aren't going to buy a lot more for now, but seem to be working it down. They must be praying/politicking for no more big sellers. A price stabilized just below 100 might be fine for them.