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


To: Sarmad Y. Hermiz who wrote (45317)3/11/1999 6:50:00 PM
From: Jan Crawley  Respond to of 164684
 
By the way, why did amzn crash and then try to recover? Any idea?

Sarmad, this is my theory:

Whenever there are some real sellers selling, the MM's and the day-traders will pile on to short the stock as it moves down quickly and sharply...then they cover right afterwards. This is the beauty of the pre-set limit orders, it happens often.



To: Sarmad Y. Hermiz who wrote (45317)3/12/1999 11:56:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
How are you doing?