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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.41+0.6%Nov 7 9:30 AM EST

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To: GST who wrote (68910)7/22/1999 2:07:00 PM
From: Marshall001  Read Replies (1) of 164684
 
GST: Thats the question I keep asking myself. I am not the first to notice this. It seems that everytime AMZN see large selling volume the stock drops 1 - 2 ticks. Everytime a large buy order comes in, The stock runs off a point or two. I am up on my short position so It doesn't really matter to me anyway. It seems like they are trying to manipulate a little rally to scare the shorts into buying.

My position is very small (50s). I just wanted to test the waters here again. I got burned by Meeker and Blodgett back in Feb at 85. Had some Puts. No big thing, but this is one of the worst manipulated stocks on the market. I think maybe if the stock dips too far too fast the company , the MM's, and the Underwriters will have egg on thier faces for announcing a split with crappy earnings. How many other Internet companies missed earnings? Only SEEK that I can remember and they got slaughtered.

I think we will re-test the lows (mid 80's) before any split or christmas runs. JMO, I was wrong last time.

M
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