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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 235.72-3.0%1:53 PM EST
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To: Wayners who wrote (56127)5/9/1999 1:21:00 PM
From: Jan Crawley  Read Replies (2) of 164685
 
12M shares short (old numbers), days to cover of only a few days, a float of 63M,

The first run of short-squeeze---occured in 7/98, when float was 10 million shares plus and short interest was around 9 million.
The second squeeze---from 12/98 to 1/99, the float was 12 million and the short was close to 8 million. All above were pre-3:1 split.

The third "no or light squeeze", two weeks ago, float was 63M and short was 12M. I think that was the major problem that Amzn stopped promptly @221. This time only the momentum players were buying and hurting.
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