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


To: gizelle otero who wrote (15574)9/1/1998 11:18:00 AM
From: OtherChap  Read Replies (4) | Respond to of 164684
 
Sucker's rally indeed. All the volume is short covering and the occasional 10 or 20 thousand share block being sold at the bid. (big guys getting out)

I'm not even going to look at the stock until the end of october, and i'm not on margin, and you can't shake me out of my puts.

I will probably add more later in the day, too.

Now up 10 points to 81 in the last 20 minutes. Big time short covering going on here. Just buy the puts and don't look at the stock, I'd suspect that 90% of the people who just made millions riding this thing down on its first leg are covering this morning.
I doubt there is a single person buying this stock "for real".