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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: Robert Rose who wrote (70899)	7/30/1999 5:15:00 PM
From: KeepItSimple	Read Replies (1) of 164684

Everyone points out how the volume over the last few weeks has been abnormally low, and some suggest it means the downward action in the market is being overstated.. However, they're wrong. What has really happened is hordes of daytraders and retail investors had their heads handed to them in may and june. They're broke. Without those guys to artifically pump the volume, these stocks are just going to drift lower and lower as insiders increase the float.. On nightline last night, Ted Koppel said he had learned that the atlanta daytrader killer had just received a margin call from the first daytrading firm that he could not meet, and had opened up an account at the second daytrading firm. Lets see. One guy loses his cash due to stocks returning to rational levels, and he goes postal. What happens when half the country loses their wad as well?

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