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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 237.58-2.7%3:59 PM EST

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To: Glenn D. Rudolph who wrote (32009)12/31/1998 4:26:00 PM
From: Gary Walker  Read Replies (3) of 164684
 
Glenn my 2 cents on closing action.....

Floor traders were looking for an order imbalance surge in AOL due to S&P listing. When that didn't happen, the leaders fell out of bed. Yahoo dove 10 pts. in seconds! When AOL leveled, I tried to unbox the thing at 329 then 328 just missed. Next minute it was 325! Two minutes later $321! Yikes!

I saw a couple listing of the "last ten" trades that showed a huge gap. Price in last ten 327 327 1/4 327 1/2 324 327. Market orders are like declaring open season on investors!

Ebay is developing an international flare, FYI, but that too will level off. Congratulations on the EBay short, boxing it will let you sleep a little better this weekend.

gw
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