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

To: Doug Robinson who wrote (47659)	3/28/1999 10:37:00 AM
From: Sarmad Y. Hermiz	Respond to of 164684

Doug, Thanks very much for your recap of amzn's price response to Friday's events. I too sold at 140 what I had bought at 117 two days earlier. If I understand your point, it means that the drop in amzn from 147 to 140 was related to the war news. They look like a cause and effect because the migs were downed, then amzn dropped. I don't see the direct connection. My interpretation is amzn buyers tried to take it to a new high and failed. The news about migs caused a selloff in the market indexes, which panicked amzn traders so they sold. To me this means amzn traders are not comfortable with it above 140. I am betting 100 short shares that it will continue to drop to the 130 level.

To: Doug Robinson who wrote (47659)	3/28/1999 12:01:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Ok, it's wonderful that we are having so many good/detailed trading eyes...May I add that: Amzn's total outstanding shares is 150M Mr. B and family owns 52%...150M @52% = 78M (I think that is why he is well "like" by the other large Amzn owners) Institutions ownership is 37% to 38%, that's 57M shares. Now the remaining 10 or 11 percents are in the small/retail categories. That's about 15M to 18M shares. The short interest is close to the 15M range. Together with e-day-traders, the stock will be a trading stock for a long while(IMHO). In bad days/hours, when day-traders stay away and the big guys are trying to sell some shares, the stock will drop. In good days/hours...day-traders pile on and shorts cover, the stock will..... Eventually, some time in the future, the 90% shares owned by Mr. B and the institutions will either be with them forever if no one wants Amzn, or go up if other people want them....I hate to say this, but I don't know and don't care.