SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jay8088 who wrote (19939)10/4/1998 8:57:00 PM
From: Jan Crawley  Read Replies (1) of 164684
 
I just can't buy that the junk bond money meant so much to the
company's fundamental as to triple stock price in 2 months.

Jay,

It was pure short-squeeze. On June 1, 98,

Total Amzn shares(float) - 10 million shares
Total short interests, - 8.7 million shares.
18.7 million tickets were sold against 10 million seats

Vinik and others started the short-squeeze....

p.s. JMHO, but the numbers(float, short-interests) are factual.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News