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

To: George Gotch who wrote (34472)	1/12/1999 1:09:00 PM
From: Platter	Read Replies (3) \| Respond to of 164684

From Briefing.com....Internet Stocks: according to CIBC Oppenheimer analyst Henry Blodget, Internet stocks have at least an even chance of a 30%- 60% price pullback in the next several months after recent price spike; Mr Blodget is the same analyst that set a price target of $400 on Amazon.com when the stock was at $243 3/4 (pre-split);

To: George Gotch who wrote (34472)	1/12/1999 1:14:00 PM
From: IceShark	Read Replies (3) \| Respond to of 164684

However, one of the problems with the Inuts is that many are so young that much of the insider shares are under restriction of one sort or another and can't be sold outright. Now they can do a forward sales with a bank, but I'm not sure how much of this is going on. And I'm not exactly sure how the banks are hedging these deals. Throw in all the various other get rich schemes going on it's no wonder these stocks are acting like nothing we have ever seen. Regards, Ice