Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (67209)	7/12/1999 2:22:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> However, I disagree with your thinking that institutuions haven't been buyers all along this way up from 120. I don't know the numbers to back myself up in this belief, but I'd love to see them! << I don't have any numbers, either. But my reason for saying funds did not buy until the 120's is that the stock kept drifting down to that level. But also it kept making false starts at various points as it dropped. My interpretation is traders would buy at the obvious support levels, but their volume is not sufficient to keep the price up. It wasn't until the 120 that the stock turned around decisively on good volume, and never came back to retest. I think the same happened with AMZN, but the buy point there was 90, which was the expected low.