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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: Jan Crawley who wrote (61051)	6/7/1999 12:10:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

>> I am not as "familiar" w/ebay's movements as you are yet..just starting to observe the LvlII actions..but dare to trade now coz the float/short ratio is a different story now. << Jan, With eBay, the increased float of course reduces the chance of short squeeze. My shorting it is on FA. It made 5c last Q. It is expected to make 5c this Q. I think the highest plausible surprise is 7c. Somehow I don't worry about shorting a 170 stock making 5c. And we have the CPI in 10 days, then FOMC on the 29th. No shortage of reasons for a good down draft, even if irrational.

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