Amazon.com, Inc. (AMZN) Message Board

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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Jan Crawley who wrote (15620)	9/1/1998 4:00:00 PM
From: OtherChap	Read Replies (1) of 164684

Look out below! RTQ 79. Amazon is getting dumped like a rotten tomato. All of today's "buying" was in fact short covering from shorts who (rightfully so) wanted to lock in their amazing profits over the last few days. The volume was so high that I suspect the short position is WAY down. Add to that the fact that their own underwriter announced today that the stock is TOO EXPENSIVE and should be SOLD (i dont think i've ever seen that happen before) and you've got a recipie for disaster tomorrow. Without shorts to squeeze, nothing can hold this stock up anymore.

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