Back to Amzn. Where do you plan on getting the short shares from?
If you find any, please let us know, because with the exception of Datek and Glen, I don't know where any are. Trust me.
James and others,
I have a few "serious" questions and would really appreciate thoughts from the thread:
First; how much shares do the current float controllers own?
Total float: approx. 10 million shares; less institutions and less individual owners, etc...
Guessmate: Collectively they control 5 million shares?
Second: What are the float controllers have been doing(in the past 3 wks), are doing, and will be doing to "HEDGE" their risk(ie. owning large amount of Amzn shares>)??
They are and will be shorting the stocks via direct shorting (against their long box) and via Calls writing...??? What are their other options to "gracefully" exit with maximum profit and min. risk..???
Third: in a few days, when the "July 15 short interests" reports; we may still see a relatively large short interest...
Think about it, if the shorts have been covering for the past 6 weeks, but there is no meaningful short shares available, WHY?? The float controllers are performing their "high wire" acts of shorting and buying back for as long as they can?
MO traders, calls speculators, we are all part of this current phenomenon!
Forth: Variables that are in play
There were signs, indications; trend developments, hunchs, everywhere during the first weeks of June, Float/short interest/mass # of call options...why did'nt we see it...
Lets collectively identify the current variables/trends/indications..
If we believe and watch for them, we may just have the advantages of seeing them just a little before they become very clear....
Let the longs focus on their massive revenue/profit growth F/A predictions, analysis, let the longs talk themselves into buying/holding more Amzn shares....(The same way we talked ourselves into shorting for the past few months..)
Ty, Jan |
