Amazon.com, Inc. (AMZN) Message Board

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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Sonny Blue who wrote (41113)	2/19/1999 10:06:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Sonny, >> Bought AMZN@93. Look like internet funds are buying. There 1/2 million shares that need to be sold today to satisfy expiring puts. Of course that will be reduced by the amount of roll-overs, but still it is selling pressure. I see no evidence of fund buying whatsoever. There was an early surge from daytraders. Funds do not place market buy orders at gap up open. There was an 8k buy at 93 just now, but the buys are few and very far between. If we don't see consistent large buys, the ralley will fizzle fast. Sincerely -Sarmad

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