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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.15-2.5%Nov 20 3:59 PM EST
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To: Bill Harmond who wrote (64819)6/27/1999 4:23:00 PM
From: McNabb Brothers  Read Replies (1) of 164684
 
William,

I believe you need to think very hard before making a prediction that AMZN could be a 20 bagger from here. I guess one could say any stock including WMT could be a 20 bagger from here also. If I'm scaring you with naked calls then you are scaring me about yourself with these predictions for AMZN being a 20 bagger from here. I will predict that AMZN will not even be in the top 5 internet leaders in a few years from now when the dust settles. So you may ask what are my top 5 picks when the dust settles? They would be ATHM, BCST, EBAY, MSFT, and YHOO. I will go even further and predict that companies such as WMT will blow AMZN away and will have greater internet sales than AMZN when the dust settles. So my top 5 picks are true internet plays, but would be much harder to pick the top 5 if I had to include non-traditional internets compnies such as WMT.

I will continue to sell naked calls into the rallies until the down tread is broken to the up side. I owe a lot of thanks to Mr. Allan Greenspan for I will not fight the fed as you are trying to do now. Never know I may have to begin selling puts on these stocks even this week if my outlook changes. (I will not sell naked puts on AMZN for I do not want to be an owner of AMZN, the above 5 stocks are the ones I will sell naked puts on at some point in time!) I'm always very flexable when it comes to options, but feel that even if they do turn up that most of mine will expire worthless since most are a number of points out of the money. Love selling that time value that will expire 100% of the time worthless.

Hank
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