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


To: Glenn D. Rudolph who wrote (16419)9/8/1998 4:17:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
AMZN showed some weakness at the close.. As the market went up 150 points, Amazon didn't go up a dime. (this was after the market was already at 150)

I also didnt see a lot of large blocks on either side, it really seems like the only people left are retail investors. Could the momos and the vinik gang be gone? If so, what's holding the stock up now? Nobody left to sell?



To: Glenn D. Rudolph who wrote (16419)9/8/1998 4:29:00 PM
From: Jay8088  Read Replies (2) | Respond to of 164684
 
I will tell you who ignited this rally. It was the Japanese financial ministry using public money to buy future contracts on Nikkei and subsequent short covering rallies. Why did they do it? Over the weekend, Trader Bob Rubin twisted Miyazawa's arm in no uncertain terms. The fact that Bob Rubin and and his Goldman Sachs buddies are dying to cash out has nothing to do with it....

NOT!!!!!!!!!!!

I tell ya, you better not stand between these greedy SOB's and their pots of gold.



To: Glenn D. Rudolph who wrote (16419)9/8/1998 4:30:00 PM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
Short-term in here Glenn i think it's up, barring any financial meltdown overseas. Major indexes up, small caps and financial stocks broadly finished up in good territory. Amzn, and especially, Yhoo looking strong-- watch it, i wouldn't go short in here.