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: OtherChap who wrote (18083)	9/23/1998 8:59:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

In any case, I managed to short 8000 _shares_ of Amazon today from my full service brokerage, at an average cost of 103. I can sleep easier not worrying about the value of my investment disappearing in a month. I can afford to ride this short squeeze out even if it were to go to 300 per share. Hi OC, I know(and hope) that you are not kidding; and intuitively I know that shorting Amzn at this level will be nicely rewarded if you can afford to hold them for as long as necessary. But why did you short so much at one time? You are making me think!! To short or not to short; 500 shares and hold them "forever" if necessary!

To: OtherChap who wrote (18083)	9/23/1998 9:21:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

In any case, I managed to short 8000 _shares_ of Amazon today from my full service brokerage, at an average cost of 103. I can sleep easier not worrying<< Oc, you got more money to burn than Amzn and Jan don't do it...wait till we see what Amzn does around 120.

To: OtherChap who wrote (18083)	9/24/1998 12:25:00 AM
From: Rob S.	Respond to of 164684

All this junk about "market makers" like there was one conglomerate brain on Wall Street. I think this stock isn't that hard to figure out - it is the give and take of the shorts and the longs and the insiders and investment banker camps. With more shares sold short (and puts) than would take to fill Yankee Stadium and the fact that the darling inets trade as a group and move up on major IPO campaigns, isn't it obvious what has happened? Anyway, who cares if some little men in pin-striped suits are playing with the stock? If that helps to structure your thinking in correlation to the stock's movements, play with 'them' instead of against 'them'.