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: H James Morris who wrote (30048)	12/16/1998 5:41:00 PM
From: Rob S.	Read Replies (2) of 164684

I think that another monthly short squeeze rally is underway. There is so much short selling and calls options traded on this stock that it is a major factor driving it up - I can just imagine the back room banter at Openheimer and other major brokers and the hedge funds: "Look at all the massive number of fools who are short on these stocks. If we tighten our equity requirements and then issue an increased target three days before expiration right when we know that new market growth figures are coming out of our friendly big 8 accounting buddies, that should send them flurrying for cover. We sell into the peak of the short covering and buying frenzy and get prepared to start the cycle all over again ahead of next month's expirations . . . it's like taking candy from children who never seem to learn (like billion $ worth of candy) what is really driving this sector and stock."

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