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

To: Eric Wells who wrote (68178)	7/19/1999 10:50:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

It's interesting to note that nearly a quarter of the AMZN float is short Hi Eric, during Jul98 almost the entire Amzn float(10M) was shorted. Six months ago the short ratio was close to 60%. So relatively speaking, Amzn NOW needs higher short interest so it can move higher but I think that the new/improved players/shorts are not playing the old Amzn game. Amzn's SI increased to 13.5M from 11.7M bet. May and June(Yhoo dropped from 11M to 9M during the same period). However, there may be some build-in Amzn short# from the convertible bond hedges. As you said, Cmgi's ratios are much more interesting but I think that the back-ground is more complicated and closer examinations are needed. Welllll, so far not a good day for Amzn. I placed pending for 250 Amzn @131 and 300 @126 about 10 mins ago.