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Amazon.com, Inc. Message Board

  • toocleverbyhalf toocleverbyhalf Apr 14, 1998 4:04 PM Flag

    sundayTrader, shorting amazon thru schwa

    Call schwab and ask them to reserve some amazon stock for shorting. When its becomes available they will call
    you.
    They called me back within a day.
    Hope you have better luck shorting amzn than I did

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    • I asked them last week. They did not have any to borrow then (thank godness) and still haven't got any.now (unfortunately?).

      It would sound unbeatable deal to sell short AMZN at 100, but not possible.

      BTW my impression from what is discussed on the board that majority of buyers now already forced short coverers. Is it possible to check this assumption?

      • 1 Reply to fraer_z
      • Your impressions are correct. You can't find any shares because AMZN is in the middle of a short squeeze. Last month 15% of
        the company was short, & I don't know where it is at now. Incidently, the float is probably very small so the situation is more
        desperate for short sellers. It could all be over in a week, but if it is like Presstek in could be this way for months. The long list
        of crocodile tears on this board is additional testimony that there is a short squeeze in progress. Most are in denial!

        It is important to note that the price keeps going up, not because crazy investors are pushing up the price as a reaction to hype. The stock price is going up, because short sellers are being forced to cover at these extraordinary levels.

        INCIDENTLY, IF YOU ARE LONG AMZN, ASK YOUR BROKER TO "BLACK OUT" YOUR SHARES. THIS WILL FORCE, SHORTS TO COVER, TO VERIFY THE OUR THEORY.

 
AMZN
698.96-23.12(-3.20%)Jun 24 4:00 PMEDT