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

To: llamaphlegm who wrote (20362)	10/6/1998 9:46:00 PM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 164684

Amazon is a unique situation, it has a good storyline, very limited float "tradable shares" is well known and hoards of people who believe it is overpriced , promoted etc. As a result the float has been shorted to extinction. The large players have access to this info from the accounts. They enjoy putting the pressure on with buy raids. When the shorts panic and cover in mass, the big players: 1. Buy puts below on the cheap 2. sell dozens of in money calls 3. Then they short the stock and the process reverses. Many times they will be tied closely to people who own large blocks thru company affiliation. They more than likely have knowledge at what price these people will make shares available and so they can short with little risk if they have a large supply of stock to feed the frenzy. The process repeats over and over until it exhausts and then like Iomega, it comes thundering down and they cash in on their in money calls, puts and shorts.... have great day tomorrow maybe the news on Barnes,Noble and Bettlesman will put a damper on the action....