To: Jay Lyons who wrote (5858 ) 1/10/1999 10:45:00 AM From: tom pope Read Replies (1) | Respond to of 43080
>>We constantly read about how few block trades go thru on AMZN, that it's all yo-yos like us at home on our computers that are driving this stock up. So how can the big boys get short this stock in a big way?<< Most shares are in street name, at the DTC, so it would not be difficult to aggregate the huge amounts necessary to bear raid the stock. It would take the complicity of the brokers, though. (Who is/are the main market makers for AMZN? There is a Nasdaq site that gives this data, but I unbookmarked it some time ago.) According to YAHOO, there are 158MM AMZN shares outstanding, of which 62MM are in the float, with 21MM shares shorted as at Dec 8. So the inventory to massively short the stock is available. Average volume over the past three months (per YAHOO) is 14MM shares. The shares are never available to borrow when I check with Schwab or MBT; the Soros crowd has more clout than people like us, and they know where the bodies are buried. (Another point, that AT probably knows the answer to: when a large investor buys a massive amount of puts, doesn't the house writing the puts short the stock to cover itself? So it might be possible to force short selling by arranging a huge put transaction. Are there position limits in options as there are in futures? ) So I guess you'd have to say that the Ike scenario is plausible. >>? I for one was unable to grasp at the time how the CIA was able to remove JFK's brain, preserve it, and later transplant it in Clinton's head, but of course by now, it's common knowledge.<< I don't know how they transplanted JFK's brain into Clinton, but Ike now sounds a lot more articulate than when he was President.