Amazon.com, Inc. (AMZN) Message Board

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

AMZN 223.79

-3.9%

12:06 PM EST

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To: MoonBrother who wrote (33778)	1/9/1999 12:55:00 AM
From: Peter J Hudson	Read Replies (1) of 164684

To All, I need one of the bulls that understand how the "thing" trades to look at a chart of todays action and explain. AMZN opened 25 points higher than it closed on Thurs. yet very little of todays volume was up. I read here that it is significant that it closed up from yesterdays close, yet it closed 24 points lower than todays open. 33 million shares traded, but there wasn't enough volatility for it to be day traders coming and going. If the bulk of the buyers are new investors wanting to jump on the band wagon, who are the sellers? Almost everyone who went long today is down 20+ points. Is it possible that the gap up was created by the market makers and most of the sell volume was institutions gradually unloading in a disciplined fashion? Just wondering Pete

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