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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: GST who wrote (124629)	5/4/2001 9:46:12 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

>> The buyers were in control -- no way of knowing for how long, GST, I have the feeling the morning sell-offs are caused by short selling hedge funds, and it is an attempt to stampede the market off the cliff. But they have not worked, and then are followed by short-cover rallies. My reason is the volume is very low on the selloffs. I work mainly with very few stocks that I am very familiar with their trading pattern. And it just seems there are no sellers. It seems to me the institutions are accumulating shares. I think today's rally is a very bullish signal.

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