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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.52

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Dec 26 9:30 AM EST

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To: Mark Fowler who wrote (62964)	6/16/1999 11:24:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Just curious did you double down on the puts? Now you're just being silly. I said I closed them at the open for a loss. How much more specific do you want? more like "cumorous"...;) Mark, I should direct this at KIS but due to the volatilty at open and the incertainty by the market makers in AOL options, the first AOL contract did not trade until 9:58 eastern time. I wonder how KIS closed his puts at the open and then bought calls right away when there was no bid or ask on the options and no trades. The option market makers were calculating implied volatiltiy for a bit before making a liquid market. The market makers have that right. If I were in their shoes, I would have done the same. Glenn

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