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

To: tonyt who wrote (11039)	7/21/1998 1:26:00 PM
From: Jan Crawley	Respond to of 164684

I know that we have all heard from James and others before and many times; but lets focus on the float issue on a regular basis: Call contracts toped 4,000 contracts this morning, for strikes Aug 130 to Aug 155. Aug Puts are still expensive, costs over $11 now for Aug 130 while Amzn is trading over 145. Few Sept options activities. 1. Float: 10 million shares 2. short interests: 9 million? 7 million? 6? droping? some boxing?... 3. Less institution ownerships and Vinick, hedge funds, big traders, day traders. 4. The real trading float on daily basis can be very very small... Current phenomenon : All buyers, and most, if not all, the buyings are from shorts covering/boxing, call speculations... No sellers, due to there is no available shares in the float. ********** However, this means 90% of Amzn's approx. 50 million shares are in the future sellers** hands...They may never sell, but they own the stock... Let's all be careful, watch and wait for the sellers, unless one really know what one is doing.