Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Rob S. who wrote (13689)	8/16/1998 11:24:00 PM
From: Bill Harmond	Read Replies (1) of 164684

>>Bullsxxt. It;s been reported that the major reason for the latest move up was short covering, not renewed interest in this over-valued pig. That's right, Rob. Amazon's June volume of over 110 million shares was short covering! I didn't realize the short interest had gotten that high! >>What TA are you talking about? I spelled it out. Maybe it runs contrary to your wishes but Amazon is still in a strong intermediate technical uptrend. It is the strongest Internet stock that I know and the Internet sector is the strongest sector in the market. Until Amazon starts consistently underperforming the market, from a technicians standpoint it's a crapshoot with losing odds to short it. Shorting strong stocks is an oxymoron.

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