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So who's buying the IPO? Seems much better investment than SV companies with little or no profit.

I wonder how it will affect YHOO -- Probably worth buying Jan 2015 $40 calls since Yahoo owns 24% stake, maybe even short AMZN on day of IPO.

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If you didn't catch Amazon short at, say, $390+ when it was obviously really crazy, why would you bother after they've already plunged? Don't bother at this point, it's down 30%, most of the gains are over on the Amazon short ride. There are still other excellent short candidates given the market is near an all time high.

I was thinking the same thing. Is it even possible to buy anything on the first day? I was under the impression it's hard to buy because it's typically reserved for the big spenders.

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