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

To: Mike M who wrote (27344)	11/20/1998 11:08:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

I was thinking the same thing. However, AOL, YHOO and most of the other Internet darlings are down despite the rally in the DOW. The downgrade of YHOO and flight to quality (or safety) of banking and other interest rate sensitive stocks is making this sector look less worth the risk. AMZN tends to trade with the sector which moved up while it was languishing around 130, but appears to have capped out. Amazon's rally was late in the cycle for the sector as they timed their new product intros and announcements to coincide perfectly with the availability of shares under the recent Form 144 registrations (de-facto secondary). It is no coincidence that they have come out with the stock split announcement almost two months in advance but the day before options expiration and while insiders are still selling heavily. Insiders have already sold off more stock than the company has in annual sales! Isn't that a way to print money! This is text-book: Amazon has figured out a way to turn book printing presses in money printing presses!