Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn D. Rudolph who wrote (46227)	3/17/1999 9:29:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Glenn, >> That is likey the case with the upgrade again tonight or coverage initiation. << Tomorrow will be a most interesting test for amzn. A few people have been saying amzn does not benefit much from broker upgrades. Meaning brokers are unable to bring new holders into the fold. Tomorrow is a great test because this is a new broker, with fresh set of customers. My observation of previous three upgrades is that only day traders were pulled into buying. Evidence is 1- open gap up on low volume. 2- quick rundown. 3- negative close. Tomorrow if #1 happens, I will sell some long shares and see if #2 and #3 follow. This picture gets murky from influence of nasdaq. I am hoping for a flat nasdaq so we get a true test of the brokers power over amzn. My feeling is that investors are not persuaded by brokers to buy, nor are shorts scared into covering. Perhaps they learned Jan's box trading secrets.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next