Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.60

+1.5%

Nov 25 3:59 PM EST

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To: H James Morris who wrote (13895)	8/18/1998 11:54:00 AM
From: Jan Crawley	Read Replies (3) of 164684

James, If the short interests stands at 4.5 million shares now; then I think the "momentum" for the short-term is not there... The risk for the float controllers to absorb additional float currently at $120 plus is too high. we know that the 8.7 short-intersts shares were purchased by the squeezers under $43 Whenever the sellers show up currently, big sellers or small ones; the big elephants would have to force the shorts to buy it; if they cannot, Amzn' surge will not be sustained.. I suspect that 90% of the current volume are trading activities..not much money stay on the table at all.. However, there are still 14 million teenagers holding 14 million concert tickets standing in front of a 10 million seats outdoor concert hall. (but there were 18 million ticket holders 4 weeks ago!) the danger for the shorts; still more tickets sold than seats, the danger for the longs; There are soooooo many sellers (14 millions plus all the insiders, new issues...) if it rains.... Let's watch the cloud too....

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