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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (10528)	6/24/1998 9:51:00 PM
From: larry	Read Replies (4) \| Respond to of 18691

The short interest on AMZN as of the close last Friday was over 9 million. The number you quoted is from the Nasdaq June short interest.:) I have said again and again that new AMZN shorters are going to massacre their predessesors, while waiting to get massacred by the next group of short sellers. It's a simple demand and supply issue. When the short interest is more than the float, any person with a brain that is still working knows that he will lose his pants by shorting. BTW, how the hell can the short interest be greater than the float? larry!

To: Michael who wrote (10528)	6/25/1998 3:56:00 AM
From: e. boolean	Read Replies (1) \| Respond to of 18691

The CBS AMZN story is wrong. The short interest as of 6/10/98 (the "May" period) reported by nasd.com shows 4312908 shares short (compared to 3392794 reported 5/12/98, the "April" period). The May number has been known for a while, though it was only "officially" released today. The CBS number seems suspiciously like the May number was improperly doubled to adjust for the split (which should have already been reflected by the NASD, given that the split occurred before the report date as per nasd.com, and improperly reported as the current short interest, rather than that of before the rise. The manipulation/mania started just around the time this number was collected and the vulnerability to a short squeeze became clear. YHOO's short interest declined from 5/12 to 6/10 by 18%, which is one reason it has not been doing as well. This is not a Ktel situation, though it was very vulnerable mid month. I suppose tomorrow may bring another bout of hysteria brought on by the misinformation du jour. e.b.