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


To: Peter Church who wrote (21937)10/16/1998 2:06:00 PM
From: Jay8088  Read Replies (2) | Respond to of 164684
 
Alternating rally, decline, rally, decline? Manipulators are trying to faze short sellers?

Maybe I see too many patterns....

Does anyone think DJIA would sell off sharply towards the close?
And AMZN failing its test of hourly neckline at 102?



To: Peter Church who wrote (21937)10/16/1998 2:16:00 PM
From: e. boolean  Respond to of 164684
 
Peter,

I would have answered your question but I don't have a good answer...

My guess would be to take direction from the DJIA - weakness this afternoon should mean a few days pullback, and NZMA probably won't rally directly into a broad pullback (unless of course it does).

Jerry Favors has been making good market calls - he's on CNBC at 3:30 or 3:45 Fridays.

e.b.



To: Peter Church who wrote (21937)10/16/1998 6:03:00 PM
From: Techie  Respond to of 164684
 
I haven't studied the history but I remember Sept. expiry, you are right the stock did move big the week after. The problem with this stock is that it is mainly Jan type of 100-200 trades all day long. The volume is created by small investors flipping and the stock moves up by MMs moving the asks after each small buy. Going by memory here (I'm already home, but I think there were only 12 (or 21) block trades out of a total of 6k+ trades. That gives you an idea....