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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (14278)	10/4/1998 10:55:00 PM
From: OtherChap	Read Replies (3) \| Respond to of 27307

>I asked a while ago how anyone knows that Bear Sterns was selected as >the brokerage house to sell the 3 million shares. Lets see. Amazon is trading with a price to earnings ratio that is impossible to calculate, and is only trading that high because of a coordinated short squeeze led by Vinik and his co-conspirators. Analysts right and left have lowered their estimates on AMZN's quarter to 100-200% lower than they were a month ago. Doesn't look good. Then all of a sudden, Amazon quietly files an S-8 showing the insiders of Junglee and Planetall have decided to dump 3 million shares VERY SOON, if not that same day. And lo and behold, Bear Stearns comes out with a "strong buy" on Amazon's stock, giving it the same target as Yahoo- but unlike Yahoo they don't even attempt to explain why they did it. If I were the junglee/planetall folks, I would pick the brokerage that promised to hype the stock the most as the one to do the "dumping." The chances that Bear Stearns was not involved in this 3 million share dump are remote, at best. This is the sort of activity that gives the market its rightfully deserved bad name. I still don't know what Bear Stearns has to do with William, if anything. He does seem to be very adament in defending them, threatening to have me thrown off SI for questioning their motives.