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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.35+0.4%Jan 9 9:30 AM EST

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To: Jan Crawley who wrote (18100)9/23/1998 9:58:00 PM
From: OtherChap  Read Replies (1) of 164684
 
> Who are they squeezing now??

Shorts who were lucky enough to get in above 120 and are faced with the choice of

A) Wait until their profits turn into losses.
B) Cover the short.

I choose to hold my short position until hell freezes over, if need be. In 4 years Amazon will either be bought out or bankrupt. There really isnt any other extrapolation I can find in their business plan. But then again, in the hi-tech industry it only takes 2-3 years to sucker the public and retire in the Bahamas, which gives insiders a margin of 1-2 year to get out of dodge with the cash.
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