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


To: Rob S. who wrote (34854)1/14/1999 12:47:00 AM
From: David in Ontario  Respond to of 164684
 
CNBC's Faber on the large AMZN trade Monday...

msnbc.com

DB selling AMZN into strength? Maybe not.

++++
"A trade of 1.9 million shares at $177 that was printed last night at 5:30 p.m. EDT aroused some concern this morning. Trade listed no brokers and — in the parlance of traders — was "hidden."

But it appears that, contrary to speculation the block was sold by either one of Amazon's few bigger institutional holders or an insider, it may have simply been shares accumulated by a broker all day and put up as one trade.

These so called accumulations are usually printed right after the close: the fact that this print came at 5:30 p.m. still has some traders wondering whether it was an insider or an institutional supporter of the stock looking to get out as quietly as possible."
++++

No more AMZN comments from moi until we all hear what Bezos has to say later today at the conference...

Till then,

David.