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

To: Glenn D. Rudolph who wrote (9295)	7/7/1998 8:39:00 PM
From: umbro	Read Replies (1) \| Respond to of 164684

Short supply is driving Net stocks Skyrocketing Internet stock prices are due to plain old economics, according to an experienced Net company investor and venture capitalist. "There isn't really much stock available in some of these companies," Fred Wilson, managing partner of Flatiron Partners told CBS.MarketWatch.com. "A lot of the shares of companies like Amazon.com (AMZN) have been shorted (borrowed), and the shorts are getting squeezed and they have to cover. That sends the prices higher." Wilson also suggested the demand for Internet companies is being driven from the grass roots, retail investor level, rather than by institutional purchasers. He suggests individuals are less sophisticated in their stock picking and analysis, and more likely to be influenced by what other stock buyers are doing, creating a self-fulfilling market mania. Wilson added cautiously, "I think a correction is coming. But how soon I don't know." [source: cbs.marketwatch.com]