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

To: William T. Katz who wrote (6409)	6/17/1998 2:45:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 164684

Is it my imagination or is AMZN acting weak just at 80 Did the same thing just yestarday.. And the day before for that matter.. Volume dried up in the afternoon, traded off a couple points, then at 3pm it went through the roof on heavy volume for the rest of the day.. Total momentum players.. These were not short covering. Volume and siz of trades way to heavy and large.

To: William T. Katz who wrote (6409)	6/17/1998 4:09:00 PM
From: Paul Merriwether	Read Replies (2) \| Respond to of 164684

<< Is it my imagination or is AMZN acting weak just at 80. NASDAQ has been powering up but AMZN is barely moving and has trouble staying above 80. But then again, as someone pointed out, AMZN always has some head fakes. >> I think its obvious why AMZN is not showing its usual verve. A couple days ago when everyone was talking about Asia crumbling, people started pouring their money into safe havens like AMZN. Now that US is propping Japan, people are gambling into risky stocks like ibm and msft. ;)

To: William T. Katz who wrote (6409)	6/17/1998 5:09:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Is it my imagination or is AMZN acting weak just at 80. NASDAQ has been powering up but AMZN is barely moving and has trouble staying above 80. But then again, as someone pointed out, AMZN always has some head fakes. I was not able to observe after 2 PM Eastern. Glenn

To: William T. Katz who wrote (6409)	6/17/1998 6:53:00 PM
From: Andrew	Respond to of 164684

I saw that too. Actually they have been doing that for past few days, stablized at certain price then shot up, but today was kinda different. It actually dropped from that stablized level to about 4 pts below. I thought they were going all the way down, but somehow started to rebound about 15 mins before the market closed. I saw many buying in July 60 put options, which I bought also, some more time premium than yesterday. I think tomorrow will be the day for short sellers and put holders, including myself. I really hope I'm right on this.