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

AMZN 244.22

+9.6%

Oct 31 9:30 AM EST

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To: Mama Bear who wrote (114510)	1/5/2001 10:35:45 PM
From: craig crawford	Read Replies (1) of 164684

>> Good lord craig, talk about needing perspective. When the heck did 2 billion (with a b) shares become 'light' volume'? << Today's volume is about 50% lighter than the record volume we had on the record day Wednesday. It is down dramatically from yesterday's 2.6 billion. Market is retracing the gains on successively lower volume. You have to look at the volume in relation to the volume of the rally we just had. --There were 47 trading days in 2000 with volume over 2 billion shares. --Two days ago the Nasdaq did 3.12 billion. That's 1 billion less on the downside on this decline. I think that is significant and worth noting. --The 274 point rally on 12/05 which obviously didn't mark the bottom wasn't even in the top 10 heaviest Nasdaq volume days! Obviously the record rise a couple days ago was significant. -- Four of the top ten heaviest trading days ever on the Nasdaq occurred in the last half of December. All on volume over 2.5 billion. Four of those five were on about 2.7 billion or more. --Eight out of the top 10 heaviest volume days ever have occurred since Oct 18, which encompasses this decline the last four months. All of those days are over 2.5 billion shares. So yes, 2 billion isn't all that heavy, relatively speaking! Now are you going to nitpick semantics, and rehash the same tired argument all the bears are spewing, or are you going to put up some facts to back up your claims? P.S. On certain stocks like my top holding SUNW, the volume today on this down day was less than half the volume on the record day Wednesday. That doesn't signal to me overwhelming selling pressure. That is a textbook low volume retracement of some gains.

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