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: Olu Emuleomo who wrote (21662)	10/15/1998 12:37:00 PM
From: H James Morris	Read Replies (3) \| Respond to of 164684

From TMF, This guy is smart. I wished he had stayed here. <<< My broker (Ameritrade) could not get me 1 short share on Amazon this afternoon. How is it possible that a company with about 3 million shares trading hands, that is up on the day has no short shares available? >> I am starting to believe these hedge funds have leveraged their losing short positions beyond normalcy and indeed no shares are availible until this thing gets squeezed to the moon. An increasing percentage of short positions are boxes against long positions. Some for tax reasons, but most are from mutual funds that want to keep the name on their books over reporting periods but don't want the risk in the meantime. They are on the fence as to holding/selling, and are staying boxed while watching developments. Just a theory. Amazon has some squeeze left in it for sure, as the recent bounce up to near 120 proves. However, In comparison to the new highs in YHOO, it is clear that something is different this time with AMZN. If all those shorts were naive bears, I sincerely believe AMZN would have made new highs as well. It's my opinion that longs are hedging in increasing numbers. They began after AMZN failed to make new highs on two earlier attempts, as I've previously opined, leading to the stock losing half it's value in six trading days in late August. With the recent topping out well below new highs (in spite of YHOOs) I believe this hedging activity is increasing, and that is why you can not find shares to borrow.>

To: Olu Emuleomo who wrote (21662)	10/15/1998 12:58:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Why in the world with AMZN ever go to $120? I am lost on that. My point exactly There is NO REASON for AMZN to be at $120. Therefore, IF it ever closes above $120, watch out!!!! --Olu E. I suppose that is as a good an argumnet as any. I do believe the Planet Alll and Jungalee people have been selling in 10,000 share increments on rallys. If that continues and I am correct, a lot more buyers will be needed to get to 120. Glenn

To: Olu Emuleomo who wrote (21662)	10/15/1998 2:29:00 PM
From: OtherChap	Respond to of 164684

* My point exactly There is NO REASON for AMZN to be at $120. Therefore, IF it ever closes above $120, watch out!!!! * this sounds exactly like the "chewbacca defense" used by johnny cochrane on Southpark last week. :) If Chewbacca lives on endor, you must aquit!