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


To: Saita who wrote (123519)4/11/2001 8:44:18 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 164685
 
<<I tried to SS this BS today maybe 15 times at Datek. All the day long same answer: "U can't short AMZN today">>

It wasn't just Datek, it was also Fidelity, and (I believe, CSFB per another poster). This tells you that short interest is VERY high in that most of the available shares are already loaned out. It also means that it may be easy to engineer a short squeeze, if someone is so inclined. I'm no fan of Scamazon, but it's a bit of a warning flag....

If you're dead set on shorting it, buy the in-the-money near term puts (ie, April 15 puts). If they remain in-the-money before expiration (or if the premium gets low enough) you can simply execute them. This is NOT a recommendation to do it, but if you absolutely must, it's one way to accomplish your objective.

Regards

Patron



To: Saita who wrote (123519)4/12/2001 4:41:35 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164685
 
I tried to SS this BS today maybe 15 times at Datek.
All the day long same answer: "U can't short AMZN today"
Exept Moody, Boso give some options to Datek?


I learned a very expensive lesson and it was Amazon's stock that taught it to me. Do not short a stock that has so much short interest one cannot find shares to short. I am as bearish as one can be on Amazon but shorting is likely not worth the risk.