Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.55

-4.4%

3:59 PM EST

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To: H James Morris who wrote (34651)	1/13/1999 1:44:00 AM
From: GST	Read Replies (1) of 164684

Volume peaked Friday with the big move down -- didn't want to hold over the weekend. Today they waited on YHOO, reluctant to move ahead of earnings. Question: what happens on a gap down morning? Just who exactly is holding overnight? Market orders at the open? What would a few million shares do at the open if they are on the sell side for a change? What is the most this could drop at one time? Are the same people who get stopped out at a loss going to buy it back the same day? The institutions? Who? And who would want to hold it the next night? H James, is there no such thing as downside momentum?

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