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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (2045)	12/9/1998 10:36:00 PM
From: shane hartman	Read Replies (1) \| Respond to of 27722

>Look at AMZN and YHOO's huge run in the past. At one point this >year, AMZN's float was listed as short. Easy to squeeze. Since, they >have done 2-1 or 3-2, so the squeezes won't be as drastic. As for >growth, what growth does AMZN have besides in the wrong direction? Once again you are wrong. AMZN has doubled since september with large float. Maybe float was a factor last year, but not this year. It doubled because a lot of small investors bought a few hundred shares and held. It has nothing to do with short squeeze. It's sales growth, enough to scare barnes and noble (who I also like). Ditto for YHOO. Shorts have little power except in stocks like ONSL. And it IS a factor in NM's volatility, though declining as buying interest levels. Try to borrow shares of NAVR to short. It's tough. Ultimately stocks go up and stay up because people buy and hold them. Longs create wealth. Shorts destroy wealth (though they can make money once in awhile). Personally, I don't care what you do, I just don't like people making claims that AMZN is where it is because of small float when that is clearly not the case. People said the same thing about AMGN back in the 80's. I held it for 5 years and I made a lot more than people who shorted or traded it. NM may not be AMGN, AMZN may not be AMGN, but the fact is that a few of these internet stocks are. And it has nothing to do with float. It's the growth, stupid.