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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Jan Crawley who wrote (71662)	8/3/1999 10:03:00 PM
From: Michael Young	Read Replies (3) of 164684

<<. If the bond holders shorted Amzn around $180; they will be very tempted to cover now under $100. The shorting can be independent of the bond ownership." >> These people have no need or desire to cover. They aren't paid by their clients to bet on the direction of internet stocks. They are simply locking in a sweet arbitrage play. Just look at some old articles regarding how they played BOST. MIKE

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