SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: e. boolean who wrote (21896)10/16/1998 11:46:00 AM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
I've been watching too. The market makers are supporting this stock because they KNEW those insiders had 3 million shares to dump. I have been watching for the last 15 minutes, and nearly every trade has been at the bid. And a couple of 25,000 share blocks went through at the bid too.. But the price still goes up!

It has decoupled from Yahoo as well.

I have never seen more blatant manipulation in my life. I used to be pretty sure this stock was a scam, but now I am absolutely certain of it. Talk about rigged bids.



To: e. boolean who wrote (21896)10/16/1998 11:50:00 AM
From: IceShark  Read Replies (1) | Respond to of 164684
 
eb, I was just looking at Wall Street City screen, so I'm not sure how good my numbers are. But they were showing numerous shares (many 1k blocks, too) going off at the bid and not much at the ask or between. Usually this thing starts moving after it gets hit by 5,000 shares in one way.

I did see some of those 25k blocks go off. Who knows what they were and I don't trust conclusions as to buy or sell unless the stock immediately rocks, since I think the MMs are delaying the reporting by a 1/2 minute or more to cloud the trade.

Regards, IS



To: e. boolean who wrote (21896)10/16/1998 12:44:00 PM
From: MrLuckyman  Respond to of 164684
 
The blocks at approx 11:28 AM were "piggybacked" and occurred so quickly that the larger block was missed by many watching. Check time and sales if you are working with level 2 screen. My system just crashed, but i remember the trades.
The 25,000 block was preceeded by a block of 34,000, both above ask when AMZN was 100 1/4.

ml