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

To: llamaphlegm who wrote (8852)	7/5/1998 2:01:00 AM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 164684

Its pretty clear that the institutions that are losing piles of money short these stocks are going to be under tremendous pressure to do whatever they have to to get back some of this money. As time goes on I expect to see many many voices on these threads set up to try every way possible to try and get the retail investor to stop their relentless appetite for these stocks. Problem is as time goes on many many many more NEW investors join and the pain fer the shorts will continue . Position limits on options will prevent complete hedges so losses will run fer the shorts. SELF ENTRAPPMENT now in place....hahahahah

To: llamaphlegm who wrote (8852)	7/5/1998 9:09:00 AM
From: Glenn D. Rudolph	Respond to of 164684

My gues is that the Silicon Valley crew, that's so amply represented here (and overrepresented in terms of the book reading public) is hardly representative of your average book buyer. I agree with this. I spend very little time reading books now that I have access to the net all the time. Short rebate, if i'm not mistaken, is the following. When you short your shares, the proceeds are set aside in a dedicated account. What happens to them until you close out your position? Typically, the proceeds are invested in short term money market instruments which earn some interest rate. How much of that do you as Joe Retail get? Zero. If you're an institutional investor (or high net worth individual), you get some rebate rate, ie, the broker with whom you've shorted your shares will give you some rate of interest (some % of what they're earning) that you'll earn on the short proceeds. Thank you for the explanation. One other comment. Replying to Bateman is useless. Why waste your time? The thought that those who are short amzn are well-capitalized and/or boxed their positions long ago, thus avoiding "billions in losses," has apparently never crossed his mind. I agree. Very little crosses that mind. Glenn