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

To: Goldbug Guru who wrote (33209)1/7/1999 1:07:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
I believe you are looking at the trades of one of the many penny stocks you normally follow. Amazon's trades are nowhere near that size. (yes, I bothered to look at your past penny discussions)

>I was checking the trading...almost every trades going into amazon are near 5000
>to 10000 shares.



To: Goldbug Guru who wrote (33209)1/7/1999 1:33:00 PM
From: Moneysmith  Respond to of 164684
 
Amazon is no longer a stock it is a commodity.Trades like one.

Those who trade commodities use leverage so you buy 5000 at a crack and play the swings. Like commodities moves come fast and furious and no one pays much attention to fundamentals. I am much more comfortable with these internet stocks now that I see them for what they are. By the way, I just bot some short fuse puts (Jan 130) on AMZN.


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