Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (25000)	11/7/1998 10:27:00 PM
From: Jeff Mizer	Read Replies (1) \| Respond to of 164684

>>I see a slow decent<< I can live with that.... just to 115 this week would be nice start for my Nov 120's :) Jeff

To: Glenn D. Rudolph who wrote (25000)	11/7/1998 10:39:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

t hurt me too. I do not see this huge drop near term as some call for. I see a slow decent due to dilution but a large drop by Q2 of 99. That is what I believe will occur. Glenn, the institutions own more than 11 million shares of Amzn with very very low averages. I think some of them have "sold high" and "bought low" portions of their holdings in the past few months with the swings(the market guide reported that during the Jul-Sept. quarter, instituions bought/sold 2 million plus Amzn shares). But 11 million shares are still in strong hands. However, they will not add to their holdings at >$100 price level and therefore they will not be the principle buyers of the new shares.