>>via short and trading, my 400 short-shares now carrys a $230 average.
That's great, Jan. From what you said, I understand you are up 82%.
I don't have an appetite to short stocks like Amazon or Yahoo. I'd be fighting my own convictions. I am not a day-trader, either. I follow and feel most comfortable with intermediate indicators for one thing, and unexpected intra-day developments can ruin a particular day. Ask the shorts who went to the bathroom for ten minutes on October 15!
I personally think you are putting too much stock in the float/elephants/controller scenarios. I think short interest is a key dynamic, but the rest of your hypotheses about elephants' plans for dumping, etc. is truly hypothetical. The "elephants" are accumulating, and have shown no signs of letup.
Amazon is a call option on Internet commerce. Some affressive funds have made Amazon a core holding in size, but many other mutual funds will take a smallish stake in Amazon for insurance. If Amazon fails, it won't affect their performance much. If amazon fulfills its promice they're big winners. The important thing is that it doesn't take that many of the 7,000 mutual funds to individually own smallish stakes, for Amazon's float to be soaked up into strong hands.
You certainly enjoy day-trading, and you excel at it. It's not my style, and I'm working with larger sums that need more stable tactics.
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