Amazon.com, Inc. (AMZN) Message Board

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

AMZN 231.69

+1.7%

3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (44545)	3/8/1999 12:46:00 PM
From: Cap_Loss_Cfwd	Read Replies (2) of 164684

>>In the old days, price would be at least 10 or 20 points higher. I need a theory to explain this< OK, here is a theory. This stock is very tired and the elephants know this better than anyone. What used to be buy the dips is now sell the rallys. My guess is that the stock is slowly shifting from the hands of the elephants into the hands of the retail speculators/investors. The best way for the elephants and insiders to get out is slowly (so that they prey cannot tell what is happening). There are large standing sell orders out there waiting to greet each new buy order. Well, you wanted a theory!

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