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

To: Rob S. who wrote (11874)	7/27/1998 5:46:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Rob, please see if this make sense: According to James analysis, One of the float controllers intention/option is to "suck this stock dry"!! We can see why "sucking this stock dry" would be a preferable on-going strategy for the MSDW/Vinik groups b/c it maximize their profits. However, how will the "sucking the stock dry" by the Float controllers (who controls 10% or less of the total shares) benefit the 90% of the Amzn shares holders(the insiders)?? Obviously, the insider would hate to hold the bag of a dry stock. From your CC reports/analysis, I do not see "meeting of minds" between the two parties...

To: Rob S. who wrote (11874)	7/27/1998 9:56:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Market Features: Biggs Once Again Predicts Doom for U.S. Market By Eric Moskowitz Staff Reporter 7/27/98 8:07 PM ET He means it this time. Morgan Stanley Dean Witter's global investment strategist Barton Biggs once again called for the end of the bull market as we know it. Monday morning, he predicted a 20% to 30% decline in the U.S. markets over the next several months and the start of a worldwide bear market. At first, the response was negative, but then the market gathered momentum. It seemed to realize that Biggs has been much more astute at following the international arena than the U.S. market lately. In fact, over the last few years, he has repeatedly mistimed this bull market, calling tops more than once before. (We first wrote about his track record in late 1996.) Investors shouldn't act too hastily on his domestic calls, however. He's been consistently bearish on the domestic front for the last five years. Two years ago, for example, he said: "I believe that stocks are overheated, overvalued and vulnerable to a cyclical bear market." Since that particular doomsday scenario, reported in USA Today, the S&P 500 index has risen 70%.