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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 249.14+0.3%3:59 PM EST

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To: Jenne who wrote (33754)1/8/1999 11:04:00 PM
From: Voltaire  Read Replies (2) of 164684
 
Jenne,

Let me tell you why the Shorts will continue to get slaughtered. First let me state at the outset that I have what I consider to be a huge long position in AMZN.

People forget that this is the biggest money, profit pit on the exchanges. Fundamentals, TA, Voodoo, Bolinger Bands, profits, losses, margins, sales or any other sanctified dynamic you want to use does not apply in the money pit. The average investor has no idea how money is created on the exchanges nor how much is created every single day. Today was a great illustration of the manipulation that goes on in that pit. If any of the shorts out there think that the MM's are going to give up their Money Making Machine, they are without soft tissue. When they get a vehicle like this, they do not give it up easy. You will see this game turn around next week. The shorts are their bread and butter. They welcomed them back this afternoon.

From the porch,

Voltaire
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