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

To: H James Morris who wrote (25214)11/9/1998 5:37:00 PM
From: umbro  Read Replies (1) | Respond to of 164684
 
James wrote, Too many aggressive small funds in here, trying to make a last qtr, splash.

Although if you look at the price action in the other big name internet stocks today, it would seem that the funds are beginning to underweight AMZN:


EGGS +26%
EBAY +23%
XCIT +19%
SPYG +16%
MSPG +16%
NSCP +15%
BCST +13%
INKT  +9%
YHOO  +7%
AMZN  +2%



To: H James Morris who wrote (25214)11/9/1998 6:05:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 164684
 
after talking to DLJ today. I believe the float is still thin. They kept telling me about the short Interest.

James, we know that the current float is 13 million and the short- interest is 7.3 million. Short-squeeze to a new Amzn high is "out of the question" IMHO. Cuz I think that the elephants are shorting approx the 4 million(diff. bet. 13M and 7.3M) invisible shares.


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