...Average trade size is normally over 1k during the first 10 minutes of the day, then gradually decreases. Today it was under 600 at 9:37. Which means that any "dumping" is being done by small-timers. Sell orders on the Island (link below) normally outnumber buy orders 2:1. At this moment, they're about equal. Looks like the stock should be headed back up soon.
Welcome back! Next buy signal on AMZN is @69. After that 71, where I do expect some resistance unless their is massive short covering above the 71 area. You are right, in that there are no big boys selling here. If the DOT index gets some legs today, we'll see a rally in AMZN.
Amazon.com LiveBid Auctions Launches an Event of Titanic Proportions Trio of Unique, Historical Items Made Available for Live Online Consumer Bidding SEATTLE, Sept. 13 /PRNewswire/ -- Amazon.com (Nasdaq: AMZN - news) today announced three upcoming Amazon.com LiveBid Auctions that include items from history's most famous ship disaster, the Titanic. This momentous offering includes an original menu, a pair of lamps, and a letter from the legendary priest who led the passengers in reciting the rosary while the ship was sinking. Beginning September 17, 1999, the auctions will be held at http://amazon.livebid.com in conjunction with three respected art and auction houses.
( Photo: http://www.newscom.com/cgi-bin/prnh/19990527/AMZNLOGO2 ) During an estate sale from September 17 to 19, Hart Galleries in Houston, Texas, will auction an original surviving luncheon menu from the RMS Titanic. A Houston-area man bought a painting of Titanic near Southampton, England, 28 years ago for $40 to $50. The painting just happened to have the menu attached to the back and was forgotten by the owner while it was kept in a closet until the movie Titanic renewed his interest. While the painting proved valueless, the menu is estimated at $75,000 to $125,000 and was featured on PBS' Antiques Roadshow. This item is one of many that will be auctioned during a three-day estate auction beginning 4:30 p.m. PST on September 17 and 10 a.m. PST on the 18th and 19th. The Titanic menu will be featured on Sunday, September 19.
T.W. Conroy & Associates in Baldwinsville, New York, will present a two-session estate auction September 24 to 25. Among the many rare and valuable items featured is a pair of lamps removed from the Titanic just before she sailed. The lamps were installed by electrician Roland Madisson, and were found to be nonfunctioning during a test of the lighting system. They were removed just before the Titanic's fateful voyage. This event begins at 3:30 p.m. PST on the 24th and 10 a.m. PST on the 25th. The Titanic lamps, valued at $75,000, will be featured on Saturday, September 25.
On October 20 at 5 p.m. PST, Profiles in History of Beverly Hills, California, will auction a letter on Titanic stationery, hand-written by Father Byles, the legendary figure that led prayers as the ship sank. This heroic priest was en route to officiate at his brother's wedding in New York. By some accounts, Father Byles was offered a seat on a lifeboat but refused. Instead, he guided passengers to the lifeboats and provided solace to those who went down with the ship. Addressed to his housekeeper and mailed just before the ship sank, the letter describes the ship in all of its glory. Valued in excess of $100,000, the letter will be auctioned during the company's first historic document sale.
Using LiveBid, Internet participants can bid in real time with auction attendees via a live Web cast. Interested Internet bidders can easily pre-register at http://amazon.livebid.com by clicking to the three separate auctions. The deadlines for Internet registration for each auction is 5 p.m. local time the day prior to each event. A complete catalogue of auction items is available on the site.
``Everyone knows the legend of the Titanic, but rarely do people have the chance to own a piece of this kind of history,'' said Matt Williams, director of live auctions, Amazon.com Auctions. ``We are honored to make these highly desired one-of-a-kind items available to our customers on the Internet.''