Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: OtherChap who wrote (18737)	9/28/1998 12:47:00 PM
From: Rob S.	Read Replies (2) of 164684

Yeah, but in Bizarro World the doubling of losses means that the stock will hansomely be able to beat estimates. Speculators are looking at the widening loss forecasts as great news that the company is on tract and will come in a few cents above estimates. The stock is like beenie babies, many people buy them at speculative prices in hopes of selling them at even more speculative prices. A lot of those people buying them don't realy want to keep them. They just want on for the ride. As I've said before, I don't think a big collapse of NZMA, as nutty as it's stock price is, will happen for at least a few months. Until them it will move irrationally and stay in a range between maybe 70 and 125. It's reached the top end of the range now. It could run up higher briefly - to 132 or so. With so many shares held short at the start of this rally, a lot depends on how long the short covering continues to add fuel to the fire. My guess is that the panic among some short sellers should be about over. Has anyone checked their brokers to see if there are shares out there to short?

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