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

To: dumbmoney who wrote (6238)	6/16/1998 5:55:00 PM
From: Mark Myword	Read Replies (2) \| Respond to of 164684

>>Judging from the inability of people to find shares, I'd say the short interest is still going up. Of course, many of those shorts may be boxed.<< DM - I feel that a lot of the short interest is boxed , waiting to sell the longs and crater the stock, thereby profiting from the short. You will not be able to get an uptick when this thing lets go, it could be 15 to 20 points straight down. As stocks like these ascend to incredible prices, the smart players have a long position, and also are building a boxed short position as they go, i.e. when it is possible to do so. Then the crash occurs (K-tel) and they sell out the long, leaving themselves short only. Next day cover the short for more profits.