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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.88-0.8%Nov 17 3:59 PM EST

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To: OtherChap who wrote (27983)11/24/1998 10:02:00 AM
From: Rob S.  Read Replies (1) of 164684
 
Another well timed announcement. It probably will help sustain the move up another day or so. But look at what it is - Amazon becomes the premier site for music sales on MSN: translation, they pay Microsoft for the rights to have premium ad placement. What it isn't is an general agreement that covers books or merchandise.

Woops, down in early trading - another sign of a top in the stock - when GOOD news has already been anticipated (or leaked out) and the stock moves down in response - "buy the rumor, sell the news."
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