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

To: dennis michael patterson who wrote (32932)	1/6/1999 8:51:00 AM
From: SLN	Respond to of 164684

I do not believe institutions will get into this stock at these levels. As you probably know, institutional investors have strict guidelines and criteria that they must follow before purchasing a stock. Based upon the current market price of AMZN, I do not know of any institution that could buy at these levels. AMZN cannot fulfill any of the required criteria.

To: dennis michael patterson who wrote (32932)	1/6/1999 11:16:00 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

Very good post,>> But remember what Mary Meeker said: at some point, institutions will buy. And then, look out above. People who claim institutions have been big sellers are mistaken. They have been neither buying nor selling. They're not here, yet (again, see the Meeker article in Barrons);<< I disagree with the above. I believe the institutions moved into the 'Thing' starting last May in a big way, and until the split controlled the float. Now, I do agree that they haven't been sellers since. Why should they? As you so wisely pointed out. Fundamentals have never applied here, and it appears never will. As I've posted here many times before. "This is a stock that the fundamentalist's should not mess with". You can trust me on that. Ps Do you think that the 7.5mil shares that DMG accumulated wasn't institutional ownership?