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

To: Jay8088 who wrote (18179)	9/24/1998 11:21:00 AM
From: OtherChap	Read Replies (1) \| Respond to of 164684

The reason Amazon hit 116 today is simple. It went up 16 points yesterday! Can you imagine the margin calls that went out this morning? Or the brokers who liquidated clients positions "at any cost" when their equity plunged below 50%? The only good thing about this price level is that the puts are so inexpensive I'm like a kid in a candy store. Plus, I would wager that 70-90% of the shorts that existed over the last week were killed and are no longer short.. And as you know, short squeezes are Amazon's lifeblood.. When the short interest is low, the stock collapses. EVERY TIME.

To: Jay8088 who wrote (18179)	9/24/1998 11:23:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Traders: Let's try a little experiment: Hold off selling short this morning and let this sucker rally a bit higher - and shorts who are still running scarred go ahead and cover. Then start selling in the late afternoon and let's drive the stock to near break-even or a couple points down toward the close - don't cover at the close. Then lets try to repeat the same sort of pattern tomorrow except sell big time at the close. Let's let the brokerage and short-covering led inet push put money in our pockets. That's better than shorts shooting themselves in the foot and blaming it on market manipulators. We are the "them". I think the close on Friday will be bellow 110.