Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Si_Detective who wrote (56813)	5/14/1999 2:39:00 PM
From: Jan Crawley	Respond to of 164684

Did you notice the very tight low/high spread in AMZN under this market condition, I wonder why? IMHO, Amzn's float(63M) is 80% plus in the hands of the institutions. If any one(or few) of them decides(or are forced) to unload partially in the next few weeks, then the price can be $80 if other elephants don't "stand up and be counted until their entry $$ are met. But if they don't sell, then price will not drop much. But why strong up-side from here for the next few weeks? At this level, bond holders and the insiders will not do much. All IMHO of course. And of course many of those Net-funds elephants are fueled by retailers in/out money flows.

To: Si_Detective who wrote (56813)	5/14/1999 3:34:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> Did you notice the very tight low/high spread in AMZN under this market condition, I wonder why? Don't know why, but my interpretation is no buyers to spike it up. And either no sellers or very few. Volume is low. So it is not a selling panic. It couldn't be day-trading because the range is very small. Lack of interest. But usually that leads to a down spiral, because a lot of the support for amzn is from day traders. When they are absent, there are not many real buyers.