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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Mandinga who wrote (7560)	6/25/1998 12:06:00 PM
From: Tom D	Read Replies (3) of 164684

<<<Who the hell is buying AMZN @ 104?>>> Not me, I already have enough. But when the open short interest is 20-25% larger than the float, the resulting share price is simply the result of a tug-of-war/short squeeze between the longs and short. Especially since there are no earnings to base the market valuation upon. The shorts think the top is near, and that they can ride it up and clean up on the way down. The longs think they can buy so much and squeeze the shorts and make them cover and then others line up to sell short. You might just as insightfully ask, Who the hell is selling AMZN short at 104, when the short interest exceeds the float? Who can guess the outcome of this power game when we don't even know who the players are and what their plans are? Best Regards, Tom D

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