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


To: Glenn D. Rudolph who wrote (13459)8/13/1998 1:12:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
AOL, YHOO, GCTY are all declining. Geocities has been a catalyst to help propel Amzongonenuts.com. I think the retail market pressure has largely exhausted itself and buyers are starting to take profits. Too bad you can't short IPOs.

The trend for the inet sector will contribute to Amazon's move down over the next few weeks. I don't expect a sudden move to 90 but more shallow declines and rallies as the stock rounds down. With short selling pressure much less than it was, the volatility should diminish.

If shorts are smart, they will save some of their selling until the last 30 minutes of trading - pressure the close down a few points. If the market makers can play this game (buying and selling at the close to move the price) why can't all us shorts who read the investor threads?