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

To: Tom D who wrote (7568)	6/25/1998 12:10:00 PM
From: Mandinga	Read Replies (1) \| Respond to of 164684

I guess you're right, but the question is how much longer can the longs hold on to their stocks? If I were long, I would be taking profits right now. Isn't 100+% in a couple of weeks good enough? Mandinga

To: Tom D who wrote (7568)	6/25/1998 12:25:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

TomD,you wrote<Who can guess the outcome of this power game when we don't even know who the players are and what their plans are?> Actually Tom, we know who the players are but that would mean going back to my old post's when Amzn moved into the 50's. The 'players' have orchestrated the best short squeeze in Wall Street history. 'what their plans are?', Now that is one hell of a question! In theory, not until all the shorts are bled dry. Sorry Glen. I'm posting this knowing that they can shoot a messenger.

To: Tom D who wrote (7568)	6/25/1998 12:42:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Tom, I guess I lost the May short interest pool. Interesting that it barely changed even though the stock was already up 60% by the 15th from a week and a half earlier. Too much money on both sides looking for a quick score I guess. I have to wonder at this point, with the SI not coming down in spite of such a run, whether the bulk of the SI wasn't already boxed or is longs that were boxing during this run and are now just waiting for the momentum to fade. If the pros are playing that game, the drop will be dramatic as they unbox. BTW, were you serious about being willing to ride it down 50% from these levels (actually, I think you said that at about $80)? Are you totally naked in your long position or are you hedged at all? If not, can you explain why you wouldn't just take half the money off the table and let the rest ride? That half could go to zero and you'd still be just as well off as you would be riding it down 50%. Is it simply that you can't bear the thought of missing out on any upside from here? That's called being a pig, Tom. When the hedge funds run out of bear meat, they will feast on pork. Don't let greed make you lunch. Come be a spectator like many of us bears have become. Regards, Bob