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


To: Glenn D. Rudolph who wrote (83704)11/9/1999 5:58:00 PM
From: KeepItSimple  Respond to of 164684
 
>The hype about this annoucement was simply to get the stock price up.

Check out the options activity one day before the "anouncement of the anouncement". The call activity was huge, around 6 times normal. And it was huge beginning about 2 hours after AMZN's PR department issued the press release, as those "lucky" investors dumped the calls bought the day before.

When this mania finally ends, people will be going to jail. I just hope there's someone left at the SEC to help investigate- the fellow responsible for the SEC's fraud enforcement division quit 3 weeks ago to join The Motley Fool, with a fat package of pre-ipo stock options.

Since the SEC is clearly on the take at this point, it'll require an untainted criminal investigator. Only those people who sign a pledge never to take a job at an internut IPO should be allowed on the fraud enforcement division, IMO. Otherwise it is just the fox watching the henhouse.