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Technology Stocks : AMAZON.COM -- WORLD LARGEST BOOKSTORE

AMZN 230.34

+0.5%

3:59 PM EDT

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To: Burton Waxman who wrote (37)	7/3/1997 9:19:00 PM
From: Ceebs Hartmann	of 43

I am currently short. I shorted a bunch more today in an attempt to increase my average short price. Think this is very similar to the short squeeze Yahoo had last Friday. Yahoo has since fallen below the price before the squeeze. I would imagine we will see much more volatility. Also, according to the prospectus approx 1 million options are exercisable within 60 days of May 13 and therefore this is most likely some insiders using short squeeze to up the price. Amazon was trading in 18 - 19 range before and I expect it to end up back there or below in the next two weeks.

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