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

To: Don Westermeyer who wrote (1095)	1/2/1998 5:35:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164685

Don, bear trap or suckers' rally? That late rally was only a few thousand shares (maybe 4-5m went at the closing price), but the MM made them pay $59 1/2 when the bid was still down at $58 3/4, a 3/4 spread. Volume all day was only 40% of normal. Yahoo!, on the other hand, traded almost its avg volume, didn't rally, and the spread is a steenth. Too many MMs over there for the games playing to work today? Did the MMs on AMZN think they could sucker in some buying for Monday with a "strong" close? Who knows? We'll see on Monday if it worked. Bob