Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: KeepItSimple who wrote (29184)	12/7/1998 9:19:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Looks like the greater fools are out in force, Amazon is bidding up 2 and its still an hour before the market opens.. They are buying the future. Now the bid is up 6. What a BW article will do<G> Glenn

To: KeepItSimple who wrote (29184)	12/7/1998 9:21:00 AM
From: jach	Respond to of 164684

Most Internet stocks are up with very low volume during pre-open time. What's happening in these stocks is that a lot of low volume traders tend to buy a few shares (yes, very few like 25 shares) hoping to make a few dollars a day. But, because of the large number of on-line traders doing this nowadays, for example just 1000 traders putting in 25 shares is 25K shares. That is why we see these stocks trading up pre-open most of the time. The pre-open pricing on the Internet stocks means NOTHING for that day's trend.