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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST
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To: Glenn D. Rudolph who wrote (76554)9/5/1999 1:04:00 AM
From: KeepItSimple  Read Replies (2) of 164684
 
>As you know, I am strictly speculating here.

I'd hardly call it speculating.. You've presented evidence that Merrill has now decided AMZN is "overvalued", and in fact they're dropping their bond position from their model portfolio. I would suspect it will be a matter of days before they change their stock rating to "hold."

With the gigantic number of AMZN calls set to expire profitably in less than 2 weeks (thanks prissy), many of which were probably sold naked by Merrill, the timing would be perfect for AMZN to experience a great fall. Remember, the easiest profits are always made when expiration time approaches.. (well, easiest if you are a high-profile analyst that moves markets, and you wait until 1-2 days before expiration)
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