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

AMZN 227.93

+0.2%

1:10 PM EST

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To: Bilow who wrote (7492)	6/25/1998 2:02:00 AM
From: Marc D.	Read Replies (1) of 164684

In fact, I would guess that ISLD (i.e. the Datek ECN) is responsible for most of the action in AMZN. My guess is that the majority of the action is day traders selling it back and forth to each other. I watch it most of the day, also, and would have to agree with this. It seems that ISLD rules the action, with supporting roles from TNTO and some opportunistic support at key times from INCA. It's almost as if, each day, a sell off starts and all the day traders ride it down trying to pull in the big sellers. Then, when no new sellers arrive and they have to close their open shorts, the buying starts. Except that on the buy side the MMs let things rise a little faster since shares aren't so readily available. And I'm sure some day traders out there will comment on this, but I'd swear that someone with deep pockets shows up the buy side using INCA at key intraday support and resistance points to help push or hold it up. Marc

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