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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.52+0.1%Dec 26 9:30 AM EST

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To: Oeconomicus who wrote (574)10/27/1997 4:34:00 PM
From: Don Westermeyer  Read Replies (1) of 164684
 
Bob,

IMO you don't need to worry about a bounce tommorrow. People can't sell stock fast enough. Personally I bet the farm on the short side at the market open since Asia dropped again overnight. I don't think it will be a big bear market or anything, buy people are getting scared now. A few more days like today and I'll be back on the buying side {not AMZN though :)}.

I think the reason AMZN was high was a combination of exuberant buying, short squeeze (though I don't think shorts budged at all), and MMs holding the price high to make their quarterly reports look good.

Don
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