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

To: UFGator93 who wrote (13472)	8/13/1998 3:16:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

I thought the short-term shorts had covered? Now is the time to sell short, not wish you had covered. Shorts are shooting themselves in the foot by wishing that this stock would crash down to a low level quickly. That thinking has gotten a lot of people into trouble and created a situation in which they do more to squeeze up the price than watch it go done from it's own ten-ton weight. If you can't stomach going short, then cover and move on. If shorts keep working against themselves, they might as well start growing sugar cane in Iceland. Sugar is sweet, but it needs the right climate to grow. At least most of the short covering should now be done - only about 1/2 days worth of trading to cover the rest. My guess is that there is only a very small amount left in the hands of nervous shorts. So now mostly the longs are left to fuel a rise in the stock - something that has never happened in Amazon as it has reached near this precipitous level: each time it has moved up to the 130-140 level it has been caused by shorts covering their nutty buns at exactly the wrong time. If we get a spike up at the close today, it probably will be caused by remaining short covering. That's stupid! Sell at the close.