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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (3773)3/22/2001 1:41:57 PM
From: Jan Crawley  Read Replies (1) of 52237
 
"too many have too much at stake" for AMZN to fall below 10....did't pursue"

Here is my view:

61% of Amzn's outstanding shares are still in the insiders hands(Bezos..etc..) and 39% of the outstanding is it's float. Institutions hold more than 97% of the float.

Amzn's float is approx. 140M shares; short interest is over 45m shares...at $10; no hedge funds are interested in shorting. Why should any retailers take the short risk now? Let them fight each other; and hopefully that we maybe able to make a few$$ along the way.
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