Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

3:59 PM EST

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To: Mike M who wrote (7808)	6/26/1998 9:43:00 PM
From: Peter Church	Read Replies (2) of 164684

>> Amazon.com Inc., the No. 1 online bookseller, says it has hired so many people in recent months that its management and financial resources are under ''significant strain,'' according to a regulatory filing.>> Interesting that this shows up now. I wonder which regulatory filing they are referring to? I don't have the exact numbers but it looks like the momentum players are in deep trouble. They are long probably close to 10,000,000 shares purchased closer to 100 and above. That's almost $1B. What can they do about it? Try to run the stock up again to unload the shares? I wonder if they have enough buying power left to run it up again in the face of increased selling. But who knows what Aces they hold. Also, the problem of lots of skepticism from the bottom feeders who also must sense the stalling of momentum---who will buy 10,000,000 shares at 100 now? They would have to break to and sustain a new high while increasing their exposure---very dangerous. Cut losses and slowly edge out while doing their best to maintain the price---very tricky. Politic to keep all the large holders from selling their shares, at least for the moment---I expect to see a barrage of news releases complementary to AMZN. Encourage a stock split?---May help or not. Dump their shares and buy puts to catch the drop? Lots of possibilities. The tide seems to have turned on them for now. Perhaps they will get caught in their own web! Watch for heavy put buying (call selling) as a leading indicator of a plunge. Disclaimer: I am comfortable as a short person again. Looking forward to the shorts' revenge.

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