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


To: Bill Harmond who wrote (14208)8/21/1998 1:30:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Yes, the stock is in the stong hands who bought @43 and under...and the strong hands will not buy any "new shares" at $130?

80% of Amzn stocks(issued and outstanding) are not in the market right now, How can those shares stay away for a long period of time??



To: Bill Harmond who wrote (14208)8/21/1998 1:43:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
But the basic technical strength in the stock is due to
strong hands who have consistently accumulated stock offered by both longs and shorts.


My biggest concern/problem with the strong hands:

there are 15 million strong hands holding Aman at an average price of under $43, I am sure that all of the 15 million stong hands would like to sell their stocks at higher than today's $130 per share, so many sellers, who is going to buy it but the shorts whom are diminishing in numbers(less than 5 million left).

We are not even talking about the other 80% of the stocks/sellers..