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


To: Glenn D. Rudolph who wrote (7723)6/27/1998 2:35:00 AM
From: Andrew  Read Replies (3) | Respond to of 164684
 
Glenn

AMZN didn't go down that much as I had expected.
I was watching this very closely today.
It looked like someone were still buying them, or maybe short coverings already.
I believe MM still have some inventories to take care, despite many selling orders and few buying orders, they raised the bid and ask prices quite often today.
I understand that there are no shares available to short since yesterday, maybe few hundered shares here and there.
It looks like we are heading south, but now my question is how much and how long.
The today volumes dried up to around 5 mills from 6-8 mills (past few days average).

Now I'm wondering whether I should get rid of some of my put options, next week, or wait until their earings date on July 10.
Any ideas who are going to downgrade AMZN next time?
I think AMZN still has 5-6 buy ratings, 2 holds and 1 sell.

Any thoughts?