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


To: Mark Fowler who wrote (19169)9/30/1998 10:15:00 AM
From: OtherChap  Respond to of 164684
 
The website now says "Regularly Scheduled Maintenance" as the reason the Amazon site is down.

What kind of trust do you think this incident is going to inspire in Amazon's management when later this afternoon they announce they were hacked? It's pretty obvious that is what happened.

I don't know about you, but if I ran a web-based company, I don't think I would schedule "maintenance" for 9:30am.

You can bet the farm on this- they were HACKED. Trust me. The fact that they won't own up to it just shows what scum they are.




To: Mark Fowler who wrote (19169)9/30/1998 10:23:00 AM
From: Jan Crawley  Read Replies (2) | Respond to of 164684
 
Well, as Craig said, there may be some "month-end window dressing" support and some Yhoo support for Amzn today. But I think it will be minimum.

Sellers are there to sell whenever "day traders" bouncing the price up. The sellers are nervous, the day traders are nervous, and I think the so-called small retail buyers are mostly small retail traders too.

The bottom line for me is straight forward, there is only 13 million real shares sold into the market, that's only 15% to 20% of the currently available "real shares" to be sold into the market.

In addition to the above, most of the original IPO shares holders(with low low cost averages) have not taken their profits yet!

The MSDW of the world need buyers, that's why they are always bullish!

JMHO