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


To: Jan Crawley who wrote (44239)3/5/1999 8:29:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
Jan,

Each time amzn tested its lows today and yesterday there was a lot of buying, but just enough to pull in daytraders. Never enough to really lift the price higher. Both days the stock never saw its open gap price after the first 10 minutes. Yet amazingly, people still pile in at the open, even though that strategy just hasn't worked in many days (as you and I and a million others try to sell into it). I wonder if

1- Monday we'll have analyst re-it (what will they say ?)

2- a gap up that rewards buyers ?