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

To: Jan Crawley who wrote (13417)8/13/1998 10:54:00 AM
From: Alan Newman  Read Replies (3) | Respond to of 164685
 
from Briefing.com:

10:36 ET Amazon.com (AMZN) 132 3/4 +2 3/8: Shares of online book/music retailer continue their impressive move, recovering most of ground from sharp sell-off in overall group. Appears a short squeeze may be playing major role in move. From 6/98 to 7/98, almost 4 mln shares (or approx. 2/3 of all AMZN shares shorted) have been covered. Stock's Short/Interest ratio down to 1.2 days from 4.2. As we write this update, stock beginning to retreat, as Dow (-17) and Nasdaq (-4) drop into negative territory. (Chart)

Rob- keep posting!

Alan



To: Jan Crawley who wrote (13417)8/13/1998 10:54:00 AM
From: Bill Harmond  Respond to of 164685
 
>>Actually, if you take into consideration of double counting and day(SOS) traders action, how many real shares have changed hands this morning.

That's my point. There was a selling vacuum. Seems to be more equilibrium now. Geocities is coming off, etc.


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