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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: KeepItSimple who wrote (34872)	1/14/1999 7:02:00 AM
From: SLN	Read Replies (1) of 164684

msnbc.com The problem for Schwab and other dealers is that turning a profit can be nearly impossible when a stock is racing up 30 points in five minutes. Many Nasdaq Stock Market dealers are frustrated with their inability to trade the Internet stocks, and some are starting to drop out. At the end of this week, Bernard Madoff Investment Securities will stop trading three Nasdaq Internet stocks, Amazon.com, Yahoo! and Infoseek. “The fact we're dropping out [of these stocks] sends a message,” Mr. Madoff said, pointing out that his firm is one of the largest traders in Amazon. “I don't like to see this type of activity. Eventually, if this bubble bursts, I think that people will be left holding the bag. I don't want to be around when that happens.” Bear Stearns has also dropped trading in CMGI, an Internet holding company in which Bear did about 8% of the trading last month.

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