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

To: larry who wrote (10536)	6/24/1998 10:43:00 PM
From: clochard	Respond to of 18691

"BTW, how the hell can the short interest be greater than the float?" If you trade with Datek you know they can get you all the shares you want to short. I believe they don't really have the shares and that they give their own customers the rope to hang themselves with by allowing them to short nonexistant shares and then trade against them.

To: larry who wrote (10536)	6/24/1998 10:52:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 18691

Larry, your same arguments were used during the ZITL blowoff. What happens is that, at some price, all those shares not now included in the float begin to show up. At some price the company will not be able to resist the urge to issue new shares. In December, 1996 I posted that Zitel had a market cap of near $1 billion but only a few million in the bank and would soon look for ways to put some of that market cap in the bank. AMZN must be having the same thoughts given the current market cap of almost $5 billion and cash of only about $100 million plus debt and a negative cash flow. You can bet that more shares will come to market very soon.

To: larry who wrote (10536)	6/24/1998 11:22:00 PM
From: poodle	Read Replies (2) \| Respond to of 18691

Larry,or anyone: AMZN Could you please explain where CBS (and you) got all these numbers about float and short interests. Can you post any other link than CBS? Thank you.