Amazon.com, Inc. (AMZN) Message Board

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

AMZN 237.58

-2.7%

3:59 PM EST

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To: Oeconomicus who wrote (1824)	3/1/1998 2:01:00 PM
From: William T. Katz	Read Replies (1) of 164684

Don't you know shorting is Unamerican :) As for Etrade, while I had an active account there, I was unable to short AMZN. It depends on the broker you deal with ... I've never had a problem getting short shares on AMZN at Datek, but the ideal situation would have been to stick with ETrade (unable to short) until now :) One should always be prepared for ridiculous spikes in AMZN price so ideally, small amounts should only be invested. But I'm starting to break that rule and investing a reasonably large % of my portfolio in my short position. Stock prices eventually must trade on some fundamental basis so I'm hoping I can ride out the spikes. Everyone is saying they'd be buying AMZN at $30, but it is amazing how perception changes. With the disk drive stocks, people were euphoric buying at $50 and less than 2 months later, many wouldn't touch the stock at $18 due to uncertainty and price erosions. Books aren't any less of a commodity than disk drives ... in fact they are more of a commodity.

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