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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (40499)	12/22/1998 11:48:00 AM
From: RealMuLan	Respond to of 132070

If you look at Yahoo Amzn profile: biz.yahoo.com shares short is 7.4 million as of Nov. 9th, 1998. So: 7.4/17.712 millions*100=41.78% of public shares sold short. That is the main reason for the sudden price jump. If all the people leave AMZN alone, I mean not shorting it. It will not have that kind of upward potential.

To: Ilaine who wrote (40499)	12/22/1998 1:28:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Coby, I have that article sitting in front of me. You will recall in my IFC piece this week that I wasn't buying puts on internuts right now because there was too big a crowd there. A 51% short sale ratio, combined with a very thin float, is the sort of thing that causes a stock to zoom up rapidly for no special reason. Meanwhile, folks have given up fighting the cos. I have bought puts on. I want to see the bears bloodied good on internut stocks before I pay the premiums an Amazon is commanding. MB