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To: Platter who wrote (33722)1/8/1999 7:56:00 PM
From: CookiePuss  Respond to of 164684
 
<<<Announcement after the close, which could impact the InterNUT stocks....>>>

Actually the news came out during the trading day.

From Briefing.com:

"14:43 ET Market Makers Dropping Coverage: According to Dow Jones News, many market maker's have dropped coverage of certain Internet names, fearing that they will be left holding the bag when the bottom falls out. According to report, 16 market maker's dropped coverage of Amazon on day OpCo analyst raised price target to $400. Other
market makers are lowering liquidity guarantees and/or deciding whether to take orders on a case by case basis. "

I suppose this news could have served as the impetus for the end of day decline.



To: Platter who wrote (33722)1/8/1999 9:13:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
And OpCo is quietly getting their clients out of the stock while Blodgett goes on to publicly tout it as a buy!



To: Platter who wrote (33722)1/9/1999 9:41:00 AM
From: tonyt  Respond to of 164684
 
With fewer MM's the demand will actually be greater, and the existing MM's will demand (and get) a higher ask price. The story you referred to can only help the net stock continue their climb.


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