Amazon.com, Inc. (AMZN) Message Board

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

AMZN 244.16

-2.4%

1:58 PM EST

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To: cellhigh who wrote (28937)	12/4/1998 6:14:00 PM
From: getgo234	Read Replies (2) of 164684

I was about to buy AMZN for a day trade today when I took a look at EBAY and saw that it was nearly $ 40 off its high for the day. I didn't buy AMZN thinking that the bull run in the internet stocks had come to at least a short/intermediate term conclusion. I am just amazed that EBAY could be nearly $ 40 off its high and rebound so sharply. I would have thought that the day traders would have been so bloodied that they would not come back into the market on the buy side. In this situation when EBAY dropped sharply during the day would margin calls go out during the day or only after the market closed) ? Would someone be kind enough to comment on these issues. (I think AMZN and YHOO rebounded after EBAY started to rebound). Please do not tell me it was short covering that saved the day for EBAY because I have been trying unsuccessfully for weeks to short EBAY. Shares have not been available. I believe that Glenn has also commented that it has been impossible to find EBAY shares to short. Comments please.

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