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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: Glenn D. Rudolph who wrote (93020)2/4/2000 2:34:00 PM
From: GST  Read Replies (1) of 164684
 
Glenn: OT -- Hard to say for sure what sparked it, definitely gold producers closing out shorts and possibly a sea-change on the hedging from for all producers. Some say it is the end of the 'stand-still' agreements which allowed producers to delay closing their shorts after the run-up last fall (fear of bankrupt producers forced this). Also rumors that Goldman or somebody like that got on the wrong side of the bond trade -- they are also big shorters of gold. Could be a company-specific squeeze. Whatever the cause, major stops were hit and crushed.
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