Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.60

+1.5%

3:59 PM EST

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To: DLS who wrote (13900)	8/18/1998 12:44:00 PM
From: Jan Crawley	Read Replies (1) of 164684

The only sellers are those that are already long but they keep mostly selling to shorts that are covering. You are right, the shorts are and have been the major buyers(maybe traders too). But the real short numbers are increasingly decreasing due to covering, hedging, boxing. We know that there have been little short-shares available for retail shorters after May. But I think the sellers are far more than the current longs....and if half of the current longs are the float controllers, they will just continue create "volatilities" for maximum trading profit, but will just drop the ball and let Amzn down 50 points if it benefits them. My belief: Tons of current holders of Amzn are sellers; not long-term holders at all at this price level...and there are tons of new sellers.. Buyers: shorts only if they have to, and very very small retailers.

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