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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.05+2.9%Jan 5 3:59 PM EST

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To: Jay8088 who wrote (22225)10/19/1998 1:09:00 PM
From: OtherChap   of 164684
 
> BTW, are you still holding Nov. puts?

Yes, far too many.

Also, I have figured out why the junglee/planetall guys stopped their dumping of shares. They have been told that Amazon will announce a 2:1 stock split along with their earnings, and greed has taken over. They now dream of doubling their fortunes. They will wait a week.
They were probably also assured that the manipulators would keep the price stable, so there is no rush to sell.

By the way, Amazon dipped to a low when the Dow dropped to +7. Then the dow turned around, now +26, and amazon immediately turned around and went up.

Unless every Amazon investor is watching the dow ticker and buying/selling instantly, there is a trading program running.
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