Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Peter Goss who wrote (690)	11/4/1997 9:03:00 PM
From: Don Westermeyer	Respond to of 164685

Peter, The answer is simple. Longs buy into the stock hoping for another short squeeze. Shorts sell the stock knowing they may feel (mabey a lot) pain in the short term, but realize when MMs quit playing the stock will deflate just like any other high flier (I'll point you to BOST for an example). Personally I way more comfortable being short depending upon fundementals than going long and praying for another short squeeze. Eventually all bear traps turn into bull traps. IMO, don't short shares you can't back if the price doubles and you will be OK. BTW - Even if a few million shares are sold after the lockup, the float is still small enough where MMs will be able to squeeze it. OTOH once the fear of competion set in (soon?), a squeeze will be financial suicide to any MM attempting it.

To: Peter Goss who wrote (690)	11/4/1997 10:23:00 PM
From: Tabby	Read Replies (3) \| Respond to of 164685

Peter, I got out 2/3 of my position on Wed. Then shorted against the box @ 65 on the rest two days later. That's the beauty of being on the long side. I've closed both long & short positions on AMZN today. What am I going to do next few days? Just watch the tape. Once I sense the short squeeze, I'll buy without any doubt. Have you seen the Yahoo style of short squeeze today? My broker called me around 2:30. We decide to buy on the pull back if any. 5K@47.5 and another 5K @47. We only got 3K @47.5 and sold at closing. Keep in mind, the float of AMZN is much lower than YHOO. The squeeze will be .... You certainly will make money some day in 1998 if you have short position now. But, PRST did go to 200, ZITL did go to 70 from single digit, OCCF did go to 136 from teens, ... and the story goes on forever. No one knows the limit of AMZN. NEVER underestimate the power of the market. Again, take the dip as an opportunity to exit your short position and sleep well.