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Maybe this is why AMZN continues to defy the end of day sell-off and is still managing to hold its own above $120 while most of the rest of the tech sector is participating in the general end of day sell off. If today repeats the pattern of the last few days and ends in a strong rally, we might see AMZN at $130 before closing. says that as of the end of Jan there were about 20 million shares in short positions. If a sizeable chunk of this hasn't been covered yet, we could see another short squeeze adding to the euphoria over the buy.
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