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

To: fedhead who wrote (60637)	6/4/1999 8:47:00 PM
From: Sarmad Y. Hermiz	Respond to of 164684

>> I don't think institutions have sold Amazon. So far it has been the public and the mo mo traders. This is a fairly low risk entry point into Amazon. I would be very concerned if Amazon broke below 80 on large volume. << I accept all that. But am puzzled. Where are the shares coming from if not from either insiders or institutions ? I would think the public buys shares and then holds them. If price goes up they sell and take profit. But if price goes down do they sell ? I think not, because no one likes to take a loss. However, who can sell for a profit ALL THE TIME ? You might think no one. But you'd be wrong. There is a class of people who get their amzn shares for free. And they sell regularly, every quarter no matter what the price. That's why price comes down. Those are the insiders and the original investors. They ALWAYS have a profit, even at $10/share. The price will turn around when they stop selling. It will surge if funds buy. That could very well happen on Monday. A better day may be options expiry day.