Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.08

-0.2%

Dec 29 3:59 PM EST

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To: Tabby who wrote (563)	10/26/1997 5:54:00 PM
From: Peter Goss	Read Replies (2) of 164684

<there is thousands of shares waiting to be bought back EVERY SINGLE DAY.> Not when it starts going down. The fact that the short interest is increasing shows the shorts are not capitulating; instead, they are adding at higher prices. Once it cracks, everyone who expects the shorts to step in will be disappointed. There might be some light covering, but the serious shorts see this one at $15 and they will just step back and watch when it finally breaks. The increasing float as the lock-up ends will also change the supply/demand dynamic. Better cash in around $60 instead of adding to the problem when it starts going south. Peter

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