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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.16+2.1%Jan 23 9:30 AM EST

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To: Tom D who wrote (7568)6/25/1998 12:42:00 PM
From: Oeconomicus  Read Replies (1) of 164684
 
Tom, I guess I lost the May short interest pool. Interesting that it barely changed even though the stock was already up 60% by the 15th from a week and a half earlier. Too much money on both sides looking for a quick score I guess. I have to wonder at this point, with the SI not coming down in spite of such a run, whether the bulk of the SI wasn't already boxed or is longs that were boxing during this run and are now just waiting for the momentum to fade. If the pros are playing that game, the drop will be dramatic as they unbox.

BTW, were you serious about being willing to ride it down 50% from these levels (actually, I think you said that at about $80)? Are you totally naked in your long position or are you hedged at all? If not, can you explain why you wouldn't just take half the money off the table and let the rest ride? That half could go to zero and you'd still be just as well off as you would be riding it down 50%. Is it simply that you can't bear the thought of missing out on any upside from here? That's called being a pig, Tom. When the hedge funds run out of bear meat, they will feast on pork. Don't let greed make you lunch. Come be a spectator like many of us bears have become.

Regards,
Bob
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