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

To: Jan Crawley who wrote (44540)	3/8/1999 12:17:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

Jan, Haven't done anything. I wonder what that million share buy means. It lifted the stock from 120 to 126.5 in 10 minutes. Then it ran down below 123. I don't understand how a large buy like that (which represents 2/3 the volume so far, has such a small effect. It seems people (or programs) sold into it, since the block was at 124.25 and is now $1 less. Without that block, the volume so far would be less than 1M shares. In the old days, price would be at least 10 or 20 points higher. I need a theory to explain this.