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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Tom Kearney who wrote (96621)	3/16/2000 12:01:00 PM
From: Robert Rose	Read Replies (2) of 164684

<I would think the shorts would cover over a period of time such that the net effect would be slight.> Most shorts are excellent at playing ST swings. They have to be to survive and prosper in this LT bull market. So they all tend to cover at the same time when they sense an ST, IT or LT bottom (whatever they're playing it for, almost always ST). A good example of this type of short is Tom Hua. He and his cohort shorts tend to descend on the threads of highly volatile, overextended stocks and then upon covering, vanish just as quickly. Read the last few weeks of the scon thread for an example of this. I have a lot of respect for these guys. They're far more savvy re: the vagaries of the market than I. fwiw.

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