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To: shane hartman who wrote (2048)	12/9/1998 10:50:00 PM
From: xcr600	Read Replies (1) of 27722

<< AMZN has doubled since september with large float. Maybe float was a factor last year, but not this year. It doubled because a lot of small investors bought a few hundred shares and held. It has thing to do with short squeeze. It's sales >> AMZN still have over a third of its float held short. Easily squeezed since this thing is a favorite of daytraders and moves on any type of news release. Every player knows this. Unwillingly new shorts keep getting sucked in. I agree that growth drives the valuations of stocks, but AMZN's growth doesn't warrant an $11bln market cap. Additionally, I guess losses don't matter as well. This is my last post on AMZN, but would mind elaborating a bit on your last comment. I'm curious as why you said this? Shorts play a vital role in the market. << Shorts destroy wealth >>

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