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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.69+1.7%Dec 10 3:59 PM EST
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To: Sarmad Y. Hermiz who wrote (41284)2/19/1999 11:53:00 PM
From: GST   of 164684
 
Sarmad--you asked about expirations and I offered the theory that the price moves to a level that screws the most open interest out of any money -- that would have been 100 today for AMZN -- curious? We have a lot less here than meets the eye -- I would love a nice safe re-entry point -- but this junky stock may not have much upside life -- worse for YHOO -- I cannot help but think that we will see more selling by Softbank. The market may make a crappy little rally, but the opportunity to sell it might come and go as quickly as yesterday's opportunity to cover. By the way -- gold looked great today -- it jumped higher -- but the options expiration put a lid on the stocks. Chinese New year shuts down most of Asia -- and as the G7 meeting ends and traders go back to work ...... we will see.
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