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

To: Alomex who wrote (40851)	2/18/1999 12:00:00 PM
From: Slumdog	Read Replies (1) \| Respond to of 164685

To all.................. I can't see why any insider or large shareholder would not want to sell at every opportunity. The market has already assigned values to these companies(amzn, yhoo) as if they were a roaring success five years down the road. If I was involved in an unfinished project with a high level of uncertainty as to the final result, and someone offered me the value of the finished product with the best possible outcome, I know what I would do................

To: Alomex who wrote (40851)	2/18/1999 1:20:00 PM
From: Mike M	Respond to of 164685

The support was $92 and it was broken the first time it was penetrated. This sucker is in trouble and only the bulls don't know it yet(but they are starting to suspect). It is dog meat for some time to come.... What goes up for no good reason will come down....Those many speculators who bought because the momentum was up think they are stuck and will, only at great pain, elect to take their losses. The stock will continue to cascade down. This company has never proven that it can make a profit and those who did not believe that was a problem will simply have to reorient their thinking. I cannot think of a reason to buy this stock above $16 except possibly to close out a short position. Anyone who is pinning their hopes on the institutions to prop this stock is kidding themselves. They will be accountable to shareholders and holding shares of a declining stock of a company which may never make money will be a difficult position to defend. Regards, Mike