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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.69+0.1%3:59 PM EST
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To: Michail Itkis who wrote (1591)2/17/1998 12:14:00 PM
From: Don Westermeyer  Read Replies (1) of 164684
 
the underwriter needs to build up a massive short position in-house

When they do the secondary, to they first short against the shares they will distribute? Otherwise it seems to me it would be very hard to enter a large short position in this stock as most of the shortable shares are already been shorted. ( Yikes! I used 'short' three time in that sentence :) )

I would expect them to do at least 1 million shares and probably closer to 2 million if they actually do one (assuming they need the money to expand and pay off their current loans).
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