Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tonyt who wrote (8875)	7/5/1998 9:34:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Did he really invest in Bre-X? Wow! P.T. was right! (I hope he didn't also 'invest' in IDID) tonyt, He was a great bullish Bre-X fan. What a return on investment. IDID I will need to look up<G> Glenn

To: tonyt who wrote (8875)	7/5/1998 6:23:00 PM
From: Dwight E. Karlsen	Respond to of 164684

since you mentioned IDID, I remember how a little article in the WSJ came out shortly after IDID crashed...it said that Meyer and Schweitzer, the "affiliated" market maker of Charles Schwab & Co., was one of those left holding quite a few shares. I mentioned this in a face-to-face with a local Schwab broker, and she got a little flustered and defensive. She said that each Meyer and Schweitzer broker is given a certain amount of "company money" to trade with on the company's behalf, and that these traders speculate on any and everything that catches their's or the public's fancy. Not in those exact words, but when a MM trader is caught daytrading something like IDID, then it's obvious there is nothing that's out-of-bounds or too speculative. I suspect there is a lot of this MM "company money" day-trading AMZN as well.