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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Wells who wrote (70098)	7/27/1999 5:40:00 PM
From: Tradegod	Read Replies (1) \| Respond to of 164684

Ironically, I've seen numerous IPO's where a publically traded company who owns a big stake in the spinoff, actually goes down on the IPO day. The worst was Data Broadcast (DBCC), which owns a large chunk of CBS Market Watch (MKTW), I bought some in January thinking the Market watch IPO would be hot. DBCC had spiked from 16 to 60 in anticipation. I got in on IPO morning at 27. Our hopes were that the MKTW IPO would come out in the 40's. It opened at 100! DBCC rose to 29, promptly and I mean within minutes dropped 7 bucks to 21. It has never recovered. >I thought, "geez, I might be able to get 4 or 5 points based on the DSCM hype.

To: Eric Wells who wrote (70098)	7/27/1999 5:49:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> Whatever common sense I might have had I somehow lost for a short period of time today. I attribute it to greed - I thought, "geez, I might be able to get 4 or 5 points based on the DSCM hype." Succumbing to such thoughts, as I did, is obviously a bad way to trade. << Eric, I think you'll be alright with your amzn purchase. Though it may take a while. I think I know what happened today at 2: PM. And it may relate to what GST has been saying, or maybe not this specific time. At 13:54 (Eastern) a 50k share block of yahoo sold at 139 1/4. Very close to the high of the day. Very likely it was interpreted as an Asian elephant unloading a leveraged US position. Traders who had profits to protect (remember it was 133 yesterday) sold and that started a selling stampede. Which was mercifully halted at the close. I bought 600 shares at 15:59 ($131+). So how does this relate to AMZN ? You know these are near twins. They trade in sync quite often. So on a day with no news a sell-off in YHOO is a good reason to sell amzn. If my whole capital was not tied up with eBay, I would have bought amzn at the close. But since I have a little in my IRA, I just let it go. More important to me is to evolve the model of how these stocks trade and what they react to. So if Yahoo and AMZN do not recover tomorrow, I'll have to come up with something else. Anyway the ideal scenario is AOL/AMZN/YHOO recover, while eBay continues its descent.