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

To: H James Morris who wrote (5529)	6/11/1998 10:22:00 AM
From: William T. Katz	Respond to of 164684

How can you tell when there are "substantial" shares to short available? Thanks. I bailed at 55 yesterday and started to feel real foolish when it dipped to mid-53. Now I feel OK :) In retrospect, I should have really put my money where my mouth was when I argued about a month ago how NTKI and CDNW were overvalued compared to AMZN. On a P/S basis, you paid more for pure music than you did for AMZN. If I had been smart, I would have went long AMZN and short CDNW in equal amounts to factor out "internet" hype. This would also let me factor in Amazon.com's upside but also the hyperinflation of internet stocks in general. Oh well.