Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Peter V who wrote (12721)	8/13/1998 12:45:00 PM
From: Don Westermeyer	Read Replies (1) of 18691

I see 2/3 of AMZN's short interest has been covered. Probably a bit safer to short the pig now. From Briefing: 10:36 ET Amazon.com (AMZN) 132 3/4 +2 3/8: Shares of online book/music retailer continue their impressive move, recovering most of ground from sharp sell-off in overall group. Appears a short squeeze may be playing major role in move. From 6/98 to 7/98, almost 4 mln shares (or approx. 2/3 of all AMZN shares shorted) have been covered. Stock's Short/Interest ratio down to 1.2 days from 4.2. As we write this update, stock beginning to retreat, as Dow (-17) and Nasdaq (-4) drop into negative territory. (Chart)

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