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


To: Victor Lazlo who wrote (5700)6/12/1998 12:07:00 AM
From: Andeveron  Read Replies (1) | Respond to of 164684
 
>> Right, believe everything you see on cnbc. $200 million ++ in short covering. sure. <<

It wasn't entirely short covering although there was probably quite a bit of it. Just not $200 million worth. There are a lot of momentum players in AMZN that ride it up, and occasionally down. Some momentum players hold for a couple of hours, others hold for days. The bigger traders can afford to hold for weeks and months to maximize their returns. AMZN is on another run and a lot of money came in today for the ride.