Amazon.com, Inc. (AMZN) Message Board

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

AMZN 247.35

+0.4%

Jan 9 3:59 PM EST

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To: Peter Church who wrote (14629)	8/25/1998 11:37:00 PM
From: OtherChap	Read Replies (1) of 164684

>Does anyone have a comment on the two large trades this morning? >From the market reaction I suspect they were large sell orders. When the market in general opened up bigtime this morning, it was a cue for at least two huge sales of AMZN stock. These people are still trying to sell into strength, because they know if they sell into weakness the stock will collapse out from under them. After those two sales, the stock immediately plunged, ignoring the general market which was still up. My guess is that these two sales were the beginning of the "dump" from the momo scammers who killed the august puts. They had to buy shares to make those puts worthless, and now they've got to get rid of those shares before they lose money. Look for continued selling.

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