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

To: the Druid who wrote (1657)	2/24/1998 11:12:00 AM
From: zTrader_77	Read Replies (1) \| Respond to of 164684

It's called short squeeze! Looks bad for us.

To: the Druid who wrote (1657)	2/24/1998 11:23:00 AM
From: Oeconomicus	Respond to of 164684

Druid, if it holds these gains today, it'd sure look like a breakout to me with more gains to come. OTOH, if it reverses here, heavy volume, but unable to close at these levels, then I guess Candle will teach us some new Japanese charting terminology. No news that I've seen on AMZN since last week. Up on bad news, up on no news. I guess if they defaulted on the bank loan, warned on earnings, announced a secondary and had Form 4s filed covering 10 million shares, we'd be at $150. What a world we live in. Bob

To: the Druid who wrote (1657)	2/24/1998 12:22:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 164684

What you have here is a combination of a breakout with a short squeeze....those two reversal tops that I have been talking about this past month were broken yesterday. The Jan. 23 engulfing reversal day was significant and the high that day was 64 1/8. Once we closed above that the sell signal was lost. Lots of technical short covering going on because of it. Also , keep in mind , even if 1 million shares have been added to the float, the last short interest figures I saw were almost 3 million shares. That was virtually the ENTIRE float. Squeezing is still easy, and will remain so until we see the form 4 filings that tell us exactly who sold, when, and how many at what price. Until then it seems that everyone is content to ignore the 20+ form 144 filings. Todays close will be significant. It must close above the previous high of 66 to confirm a breakout. If it closes below, it is quite possible that AMZN will form yet another bearish top by weeks end. For now I am on the side line waiting for a signal to get short again. Will keep you posted, good luck..........;^)