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: H James Morris who wrote (4375)	5/16/1998 8:12:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glen, moving on with just a few $$? Please remember, if you shorted an ice-berg when it was way up north and sweated it out, then when it was going even more north bound, why would you get out soon. This ice-berg is going to melt, albeit, not as quick as we'd like. I am not getting out. I plane on remaining short until this company files for bankruptcy. It is a matter of principle with me. If you like to gamble, I'd say its still a good play. Now, why do you think it's so hard to get shares to short? Because all the longs love it so much they won't part with it? Hell no! The actual float is thin but will improve substantially June 1. Keep in mind that the number of shares will double but if the price of the shares drop in half, the total equity float does not change. Obtaining shares should not be any easier. The reason for the lack of shares to short are two fold. One is all the shares owned by longs that are in street name are shorted by bears. Secondly, an owner of shares in street name has the right to not permit these shares to be shorted. They are out of circulation. Morgan Stanley, remember them? They were the guys that Amzn paid a bundle too, for the junk money. You don't have to be a rocket scientist to figure out that they control a lot of shares. These are the shares that are likely out of circulation. Glenn