Amazon.com Loses Ground on Comments

Amazon.com

(AMZN) - Get Report

was down 9.4% in late morning after

Banc of America Securities

said is becoming "incrementally more cautious" on the online retailer.

Other Internet merchants were also lower after a recent run-up that began with the start of the holiday shopping season Friday.

eToys

(ETYS)

, which rose 64% in the two previous sessions, was down 23.4% today.

Buy.com

(BUYX)

was down 13%.