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

AMZN 233.23

+1.8%

12:59 PM EST

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To: Olu Emuleomo who wrote (86979)	12/12/1999 11:54:00 AM
From: Jan Crawley	Read Replies (1) of 164684

This is my "demand-pull-Yhoo" theory, what ya think? Yhoo's float is 104M shares and short-interest(as of 11/15/99) is 14M and it's a double from 8/99's 7M short-interest. The sudden demand from the S/P took over completely and made T/a, F/a completely irrelevant. A good lesson here. Yhoo closed @$280 on "the Moday" before "the Tuesday"; the estimated S/P demand was about 18.3M shares at Monday's closing price. During the Tuesday trading, Yhoo went up to $350 from $280, a 25% increase which in turn stimulate a higher demand for the S/P shares requirements during Tuesday. (18.3M shares @ 20% is another 4M shares). I bought 4 Yhoo Dec-280 puts for $7 each via pending, sold for $2.

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