Amazon.com, Inc. (AMZN) Message Board

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

AMZN 244.25

-2.0%

Nov 12 3:59 PM EST

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To: McNabb Brothers who wrote (11616)	7/23/1998 10:54:00 PM
From: put2rich	Read Replies (1) of 164684

Hank, Some people voice caution that amzn was down partly due to general market mood. I think the warning from the management in the CC and the expected float increase in the next 2 weeks are the factor. I did not watch early but it seems the open was lower then a lot of big blocks selling (and some buying) and then that marked the downtrend. Also I think most momentum longs are TA guys and they avoid amzn today afraid of double top chart. However it seems many longs are still very bullish and only depart their shares as the last thing. The drop this time is slower than the last one? why? Or the first one looked like a big 'final' crash and this time was still a correction? (well not a pro, and just my opinion) Regards,

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