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

To: Rob S. who wrote (11800)	7/26/1998 2:14:00 PM
From: EliBenTedrus	Respond to of 164684

But the short interest has gone down and many shorts expect the stock to trade much lower over the next several months and are, therefore, willing to hold their positions if necessary. Agreed. I think that many are starting to realize that this is a $5 or $10 stock, at best. Thus the squeezing of the amateur or day trading shorts out is for the greater good of the smart money, that knows this company has no inherent and little long term value. We can afford to see a double or even triple, as the weaker shorts are squeezed out. The endpoint will without any doubt be, a decimation of the stock. I would presume that many of the shorts on AMZN, like myself, hold other so-called internet stocks and are not at all bearish on the segment in general... just on the specifics of a company without name brand, history, profits or competitive advantage over established players. Amazon.com has little over even the dozens of smaller outfits in the internet bookselling business which could also be considered "pure internet plays", besides a stock price so inflated as to provide the company with a (temporary) alternative means to finance aquisitions (of other concept companies), pay off suppliers for one more day, and temporarily keep creditors at bay. I know that I wouldn't pay more than $5 for a tulip, Regardless of what it is fetching on the open market