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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (62763)	6/16/1999 3:17:00 AM
From: JOHN W.	Read Replies (3) \| Respond to of 164684

As a matter of disclosure I have closed my short positions in AMZN and EBAY. I have been bashed and mocked here and on the AMZN board for being short in April, and now after the 50% decline I guess we know who was right. I do not think that this is a suckers rally. I see the same signs as the rout in Jan with the exception of the interest rate backdrop. The elephants are moving in and calling about opportunities, same TA pattern on the bottom, institutional buying and indication of maxed short interest. A short squeeze on EBAY could be extremely ugly. I still think AMZN and EBAY simply wont exist 5 years from now, but I think we will see 200 again for EBAY prior to the next earnings release. Please consider the float before even thinking about shorting now.