Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: H James Morris who wrote (19228)	9/30/1998 1:38:00 PM
From: OtherChap	Read Replies (2) of 164684

Program trading is going on with AMZN like crazy, and it is tied directly to the tick of the DOW. We were down at Dow -200 and the SECOND that it ticked up to Dow -198 Amazon starting climbing like crazy. If the Dow ticks down, Amazon goes down too... The reason this is a high beta stock is because hundreds of people have tied their program orders to the dow- thus making Amazon a sort of Dow derivative. You should have seen the trades when it touched 110 for a moment.. There were about 90 trades of 100 shares each (sells) in 1 SECOND. Slowly but surely, I am realizing that most of the shares are being held by twitchy Charles Schwab retail investors.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next