Buy, Mortimer! BUY!!
Click-YAY! Click-YAY! Click-YAY!
That's the Call of the Amazonian today.
Amazon.com stock closed up 10%, at 100.96, after the company announced profits have quadrupled.
It's not just well-wishers that are buying in on the stock, it's also panicked short-sellers.
There's a 36.8 million share short interest that comes due at the end of September, and those who own a big or even small part of it are buying now so they don't lose their shirts.
Yes, you leeches on the American economy had your fun when Amazon.com dropped from 178 down to 10, but who's freaking out about margin calls now? Wait till the boys at the Harvard Club hear about this.
Contact the author of this article or email tips@seattlest.com with further questions, comments or tips.
