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

To: Glenn D. Rudolph who wrote (39057)2/9/1999 3:31:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164687
 
Glenn, GST,

<but the trend is down. >

<I still can't understand why anyone would pay anything near where AMZN is trading.>

I disagree that AMZN is performing badly.
I think its supporters are doing heroic deeds to keep it above 100.
I watch real time tick and time and sales, and every time the price drops close to 102 a lot of 5K to 20K trades come in to buy. I don't know who these people are, but I am hoping they will run out of money soon. The puzzle is this was happening yesterday, and Friday, and Thursday and all of last week. So the buyers lost hundreds of millions, yet they keep coming.

If anyone can explain, I am listening.

-Sarmad



To: Glenn D. Rudolph who wrote (39057)2/9/1999 3:34:00 PM
From: GST  Read Replies (1) | Respond to of 164687
 
Glenn-below 100, I see 'support' at 50. People buying AMZN as I type this are now betting against the trend and against the market -- how much money has been lost on the way down?


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