Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.76

+2.5%

Dec 18 3:59 PM EST

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To: SouthFloridaGuy who wrote (19111)	9/29/1998 9:01:00 PM
From: OtherChap	Read Replies (3) of 164684

Aside from you guys arguing over whether or not you can see my put activity (does it mean so much to you?) there was one piece of interesting info posted, the one that showed Charles Schwab is the largest single source of volume for Amazon. Not considered an institutional buyer. This means that perhaps it is not wiley manipulators, but idiot newbies who are bidding this stock through the roof. The only way the stock will collapse is if they become informed about their investments, which will never happen. It's just easier to buy the stock that went up yesterday. I'll wager that 95% of people buying this stock have NO IDEA that amazon loses money. That's just not the type of press this stock gets- it is always touted as the #1 success story of internet retailing..

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