Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 242.94

+1.5%

Feb 2 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (56123)	5/9/1999 10:47:00 AM
From: Wayners	Read Replies (1) of 164685

I like the bullish case based on the float, short interest (days to cover), outstanding shares, and total shares short. 10 days to cover and/or 25% of the float short is the equivalent of holding an inflated beachball under water. You have a prime candidate for a short squeeze. AMZN as far as I can tell has over 12M shares short (old numbers), days to cover of only a few days, a float of 63M, and shares outstanding of 161M. It fails the 10 days to cover test. However it has close to the 25% shares short to float ratio which will provide the next squeeze. Might only take a split announcement to get the beachball rising again. IMO, AMZN continues to go up until insiders start selling, thus increasing the float to outstanding shares ratio. This battle is about supply and demand and not FA. Doerr is the only one consistenly selling about 1M on a regular basis. He's been doing this for sometime and his timing has not been perfect. Jul 98 sales were good timing. Nov 98 and Mar 99 were way too early. Its not increasing the float at a fast clip either.

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