Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: radames who wrote (71598)	8/3/1999 5:00:00 PM
From: JOHN W.	Read Replies (3) of 164684

TO ALL SHORTS: As everyone here is aware OF NOW, I think this stock is BS and by defending BARRONs, I have been called names on this board. I say this now as I have covered 60% of my short position today. COVER YOUR SHORT POSITION FOR THE FOLLOWING REASONS: 1. Look at today's trade's, a lot of small fish panic selling, with huge blocks being bought. 2. I have talked to very reliable traders that say there was major institutional buying including a large hedge fund. 3. Another good bounce toward 100, could trigger massive short covering. I don't like the new amount of shorts, that suddenly see religion. 4. ML, PW, and DW are pushing AMZN on their clients. WHY? 5. OPTION activity suggest a near term rally. 6. What caused the strong rally w/ good vol during the last 90 min of trading. I have been riding this %$^&& company down from 210. The party is over at this point. You will never go broke by taking profits.

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