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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 242.94+1.5%Feb 2 3:59 PM EST
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To: Sarmad Y. Hermiz who wrote (43830)3/4/1999 1:02:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 164685
 
I had placed an order to short at 122, then cancelled it. I thought amzn will not be
sold-off in the face of a strong nasdaq. But when it dropped a while ago, it was on 50,000
shares per minute for 10 minutes. The preceding volume before that was 10,000 shares
per min). So I figure perhaps the bulls are jittery

Sarmad,

William said insiders at AMZN could not sell after last Friday. I did not verify this but by looking at the trading, it appears insiders are selling today in 10K share blocks.

Maybe William was wrong??

Glenn
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