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

To: Rob S. who wrote (29569)	12/10/1998 7:34:00 PM
From: Tradegod	Read Replies (1) \| Respond to of 164684

Random musings: 220 one day, 182 2 days later, 224 3 days after that. Average trade size is about 400 shares, it's the little guy retail investor driving this up. My gut tells me this ain't the case. CNBC reported this morning that one bucket shop in NYC(a sweat shop with 200 on line traders accounted for 10% of AMZN's volume and 70% of it's rise during a period this summer. They explained how a market maker would be bombareded with buy orders and sold out of the stock; he'd have to go get it resulting in a perpetual spiral. Even now, a 400 share trade is almost 100 grand! I know for a fact that the majority of these trades are not from the mom and pops at E trade. The incredible timing of the spikes has to lead to a coordinated effort on someone's part. I speculate that some of the market makers would have to be in the loop to allow the bucket traders to continue to do business. Ever wonder why the stock would trade sideways for several hours and then blast off? I would guess that it was under accumuluation by a market maker preparing for the spike. Now the stakes are getting higher. The stock price alone makes it very expensive to day trade. Did you see the twink from Deutch on CNBC humping AMZN this afternoon? Wonder why.

To: Rob S. who wrote (29569)	12/10/1998 8:48:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

Dec. 10, 1998, Palo Alto Daily News, Palo Alto, California Last chapter for book store Landlord says Printers Inc. will close Palo Alto book store Printers Inc. Bookstore, a Palo Alto landmark, will close its California Avenue store after Christmas, the store's landlord told the Daily News yesterday. Rick Stultz, who owns the building at the corner of California Avenue and Birch Street, said he was told by the store's owners they would be closing up shop after Christmas. <deleted> Stultz said he was told by the store's owners that they can't afford the rent in the face of competition from national chain stores and online retailers, such as Amazon.com. <deleted> Gerry Masteller, another bookstore co-owner, wouldn't discuss the store's fate until after the Christmas shopping season. "There's stuff going on. We'll be making an announcement. I'd like to complete the Christmas season and have it happen that way." Masteller said. "To make the announcement right now is disruptive." 'Sensitive Issue' Stultz, the landlord, said he understood it would be difficult for the owners to talk about the closing before Christmas. "It's a sensitive issue for them," said Stultz. "I offered them a rent substantially less than the market rate and even that wasn't enough to resolve the issues of the independent booksellers." Independent bookstores nationwide are having trouble staying open because of competition from chains such as Border's and Barnes and Noble. "We face severe competition with big-box retailers. They get illegal deals with publishers. All that adds up to an uphill battle for independents." said Clark Kepler, owner of Kepler's Books in Menlo Park. Kepler and other independent book sellers are party in a lawsuit accusing large chains of illegal practices by allegedly cutting sweetheart deals with publishers. Although Printers Inc. and Keplers are competitors, the two independents have worked together promoting author events - such as Tom Wolfe's Sunday appearance at Stanford. "It would be a tremendous loss...." said Ronna Devincenze, head of the California Avenue Development Association. Below market rent Landlord Stultz said he's sorry to see Printers Inc. close. "It's too bad it's not anything they can do anything about," Stultz said. "It's really a matter of Borders, Barnes and Noble and Amazon.com and all that competition." <deleted> Stultz said he doesn't have any tenants lined up for the Printers Inc. space and nobody has made any offers. "I'm open to various possibilities," said Stultz. I'd like someone who adds something to the street, like Printers Inc. did."