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


To: slipnsip who wrote (9561)7/8/1998 8:28:00 PM
From: H James Morris  Read Replies (3) | Respond to of 164684
 
David <Same problems exist, small float, plenty of shorts...>
I agree with you except plenty of shorts. As you know the current short Interest will not come out for another 6 weeks.
Please believe me that the only shares available to short in the last 2 mos have been through Datek and as someone posted here today, they are under SEC scrutiny (have you wondered how this tiny little on-line trader got them?)
No, after yesterday most shorts have left with the exception of the ' They will have to kill me first before I cover' gamblers and they, just boxed. Maybe your right, the boxing might continue the effect, but that's retail and thats not what caused this 'THING'.
Those who continue to control the float, control Amzn's stock price.
Believe me.



To: slipnsip who wrote (9561)7/8/1998 9:31:00 PM
From: Timoteo  Read Replies (1) | Respond to of 164684
 
David-and all: I've had similar frustrations with Discover via internet, though they're as good as anybody. Watch "processing" for 9 minutes while your limit order is no longer in the money. FWIW, I never place market orders, even live with a broker, unless its for a stodgy blue chip on a slow day with nil for spread. For an extra $5 an order I've probably saved thousands. The other reality is that we little guys are at a huge disadvantage when it comes to volatile days. Don't know if you were trading during the last crash and subsequent recovery, but a lot of us shorts and longs got creamed while our orders sat and the market went crazy both ways. I watched thousands evaporate on trades I was waiting to order, computer on and phone in hand and neither worked. I always consider these types of situations "tuition". Ithink I've got my PhD in trading by now.

Best Wishes,

Timoteo



To: slipnsip who wrote (9561)7/8/1998 11:16:00 PM
From: Mike M  Read Replies (1) | Respond to of 164684
 
<<Dont try to daytrade with FUll service.. Executions worst I have ever seen.. Since when does it take 8 minutes to get a fill???>>

David-

Full service or not...You should get a market trade based on the time you submitted the order not what the stock traded for 8 minutes later...Are you sure your broker put the order in immediately?....

Mike