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

To: H James Morris who wrote (33787)	1/9/1999 3:58:00 AM
From: Peter J Hudson	Read Replies (1) \| Respond to of 164684

James, Your observation, >>I want to get this straight. Amzn closed on thurs @ 158 7/8. It opened on fri @ 184. That's a 26 up gap. It's high for the day on friday was 199 and it's low was 152. The difference between 199 and 152 is, 47 points and you have the wisdom to say there wasn't enough volatility for the day traders to be coming and going? What the hell are you smoking?<< I prefaced the statement by "look at the chart for the day". As KIS has pointed out many times, the gap up before the bell benefits the MMs, not the day traders. If you look at the trading after the open AMZN made its high and returned to approximately its opening price in the first half hour. It then traded in a very narrow range for the next 4hrs and dropped in the last 1.5 hrs of trading. I understand that a 47 point swing is volatile, but we didn't have the type of multiple changes of direction that cause traders to get in and out several times during the day. I don't think much of the volume was caused by day trader churn. It was a strange pattern. imo Pete By the way I wasn't smoking anything, although I may have had a touch of fine scotch.