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


To: H James Morris who wrote (32959)1/6/1999 11:51:00 AM
From: dennis michael patterson  Read Replies (1) | Respond to of 164684
 
H James, thanks for the response. I am sure there is some institutional ownership, as you so correctly point out. I am not entirely sure what Meeker means, but it must be something like "JP Morgan and Morgan Stanley don't own AMZN." They may never own it, for all I know. I only know that Meeker's interview was a necessary catalyst to further upward pressure.



To: H James Morris who wrote (32959)1/6/1999 12:19:00 PM
From: Mark Fowler  Read Replies (2) | Respond to of 164684
 
I believe the institutions moved into the 'Thing'
starting last May in a big way,<<

James Last time i checked, Amzn has one of the highest % of institutional ownership of net stocks.



To: H James Morris who wrote (32959)1/6/1999 5:21:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 164684
 
I have also read that AMZN does not have high institutional ownership. I don't know what criteria the report was using (total stock or just the float).

That can be viewed one of two ways.

1. They will buy and drive the stock price to Mars.

2. The stock is in weak hands and when the next correction or bad news comes the stock will collapse.

AMZN is a crap shoot either long or short.