Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: GST who wrote (42988)	2/27/1999 10:12:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

GST, Here is a testable hypothesis. Friday's rise was just day trading. The news that dropped PC makers should not affect web commerce. I agree. So what's day trading pattern? Pre-open positive non-event like friendly analyst re-it. large pre-open buying at-market causes gap up after initial surge, price drops price rises again above gap level (as the more patient day traders start buying) fluctuates all day at various 1 or 2 point trading ranges mild sell-off at the end which is bought by market makers who sell into gap up next morning then repeat. If this happens on Monday, then I will agree it is nearing the top for this run.

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