Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: H James Morris who wrote (11700)	7/25/1998 3:31:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

Back to Amzn. Where do you plan on getting the short shares from? If you find any, please let us know, because with the exception of Datek and Glen, I don't know where any are. Trust me. James and others, I have a few "serious" questions and would really appreciate thoughts from the thread: First; how much shares do the current float controllers own? Total float: approx. 10 million shares; less institutions and less individual owners, etc... Guessmate: Collectively they control 5 million shares? Second: What are the float controllers have been doing(in the past 3 wks), are doing, and will be doing to "HEDGE" their risk(ie. owning large amount of Amzn shares>)?? They are and will be shorting the stocks via direct shorting (against their long box) and via Calls writing...??? What are their other options to "gracefully" exit with maximum profit and min. risk..??? Third: in a few days, when the "July 15 short interests" reports; we may still see a relatively large short interest... Think about it, if the shorts have been covering for the past 6 weeks, but there is no meaningful short shares available, WHY?? The float controllers are performing their "high wire" acts of shorting and buying back for as long as they can? MO traders, calls speculators, we are all part of this current phenomenon! Forth: Variables that are in play There were signs, indications; trend developments, hunchs, everywhere during the first weeks of June, Float/short interest/mass # of call options...why did'nt we see it... Lets collectively identify the current variables/trends/indications.. If we believe and watch for them, we may just have the advantages of seeing them just a little before they become very clear.... Let the longs focus on their massive revenue/profit growth F/A predictions, analysis, let the longs talk themselves into buying/holding more Amzn shares....(The same way we talked ourselves into shorting for the past few months..) Ty, Jan

To: H James Morris who wrote (11700)	7/25/1998 6:28:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

If you find any, please let us know, because with the exception of Datek and Glen, I don't know where any are. H, I had 3000 but house calls forced me to liquidate leaving only 1000. That was an error from the brokerage margin clerk too. I was told that I needed 50% equity to take a long 3000 share boxed position and then after I met that, 33% of that position. That is inaccurate since after I liquidated and then boxed the 1000 shares, the equity requirement dropped rather than increasing. This is an issue of contention with me. Glenn

To: H James Morris who wrote (11700)	7/25/1998 9:14:00 PM
From: Boplicity	Respond to of 164684

I'm posting to Hank about the market as a whole not just AMZN. I do not expect him to reply, so it's nice of you to do. I stand by what I have posted. Next week is a pivotal time for the market, it will set the tone for the rest of the summer, maybe the rest of the year. Greg

To: H James Morris who wrote (11700)	7/25/1998 10:21:00 PM
From: Rob S.	Respond to of 164684

The Amex internet index shot up from a level of around 320 during the first of June to a level of around 420 a week ago and now sits at around 400. I think it looks poised for a technical pull-back of 1/3 or more of the run-up or to around 370. Amazon.com better learn how to swim against the current quick or the flood is going to sweep it away. --------- On national scene we have the Clinton scandal turning pretty ugly. I think the American public would just as soon ignore this - and that's exactly what they have done as far as any effect on the markets are concerned. But the issue could get to the threshold that it can't be put out of the mind as an additional catalyst to make investors turn more cautious. General economic factors are benign but Greenspan warned that the markets troubled him and issued a threat that inflationary trends in the stock market would add to his reasons for raising rates. I doubt that will happen but the message hangs out there to damper things a bit. The warning seemed particularly aimed at the high flying speculative stocks (internet stocks) as Greespan specifically mentioned very high valuations on speculation of earnings years from now. They say that the "last leg of a bull market is when groups of stocks get speculated", well we certainly have that. I think we are primed for a sharp pull back if one or two catalysts set it off. The internet stocks will crumble if we get a significant market downturn. I don't yet look for a major general market correction unless something sets it off. Otherwise, the American consumer/investor will continue to blindly throw money into the mutuals and their neighbor's hot stock tips and dream of early retirement. The trend in the internet stocks should be down over the next few weeks. If we do get a correction, who knows, I may buy them if I feel foolish enough to try to play the momentum.