Amazon.com, Inc. (AMZN) Message Board

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

AMZN 249.14

+0.3%

Nov 11 3:59 PM EST

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To: Mark Fowler who wrote (33743)	1/8/1999 10:29:00 PM
From: Voltaire	Read Replies (3) of 164684

Mark, This was nothing more than a Classic ' PICKUP & SNARE ' move by the MM's. I have seen a lot of these but this was the most obvious. The reason it was so obvious is because of all the new small investors that have been drawn to AMZN to make their fortune. Their problem and undoing was most that buy a stock like AMZN do so with their brilliant Stop Loss Order in hand. Come the last hour, the MM's look up, see all these stops and knock them out like bowling pins. That is not the only dynamic that manifest itself here. It is like a four point play, while they are knocking out the stops, the new little short experts start selling like crazy. Now the MM's are set for earnings blowout next with YHOO. They have picked up relatively cheaper shares and have snared all the shorts they wanted. From the porch, Voltaire

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