Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.67

-1.6%

3:40 PM EST

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To: Dwight E. Karlsen who wrote (7671)	6/25/1998 11:15:00 PM
From: Jeff Mills	Read Replies (1) of 164684

<<Today was definitely distribution day. 9 million shares traded, and closed down.>> Ok--see if this makes sense. I have read 4-5 posts tonight saying AMZN closed down on heavy volume. I am not sure if you all are just blasted or were just not watching the stock trade today. If I recall, AMZN was trading around $103+++ at 3:40-3:45 today. Volume was about 8 1/2 MM shares. At that point the stock was up--what $3-$4 bucks? Then 500k shares come in and knock it down to $99 and we conclude that "Today was definitely distribution day. 9 million shares traded, and closed down." Your logic seems/is flawed.

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