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: llamaphlegm who wrote (11764)	7/25/1998 10:21:00 PM
From: umbro	Read Replies (3) \| Respond to of 164684

Short interest drops a little in July, but not a lot This is from the AMZN board on Yahoo! Message 13468 Short Interest Falling as of July 15 big_short_seller Jul 25 1998 7:30PM EDT Investor's Business Daily (Monday, 7-27-98) reports that the short interest for Amazon has fallen to 7.3 million (down from 8.7 million in previous month). This is good news, but we have a long way to go to end the manipulation (see this-is-a-reply-to link below). Do not short this stock before you understand the mechanics of the manipulation. We still need to discourage amateur shorts (sorry), but the tide is turning. The madness needs to end! Here's a table that I put together that summarizes the level of short interest in AMZN. I'm using 11M shares as the float in the %float calculation. Days to cover is the Short Interest divided by Average Daily Volume. Keep in mind that NASDAQ does some double counting when calculating volume. Price is the AMZN price on the day that the Short Interest was reported. Date Short Int. Ave Vol. Days to Cover Price %Float 07/98 7315908 6115400 1.19 99.50 67 06/98 8745144 2073044 4.22 61.00 80 05/98 8625816 2347938 3.67 45.69 78 04/98 6785588 1656824 4.10 47.63 62 03/98 7130964 1746636 4.08 41.55 65 02/98 6445102 932376 6.91 31.82 59 01/98 5975670 728894 8.20 25.57 54 12/97 4545524 472746 9.62 27.25 41 11/97 4290800 892592 4.81 26.63 39 10/97 3974328 727728 5.46 23.41 36 09/97 3655964 435888 8.39 22.13 33 08/97 3440284 330478 10.41 13.75 32 07/97 2595990 848414 3.06 13.75 24 I pulled the figures from today's IBD. Their idea of ave. vol. is taken from the 7/15 timeframe. Note, I think 7/15 is actually the settlement date, not the trade date which is 3 biz. days earlier, but IBD shows it as 7/15. I'm using 7/10's price. I show the current 10-day ave. volume traded as 4.37 mil.