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

AMZN 221.24

-0.6%

Dec 17 3:59 PM EST

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To: Jan Crawley who wrote (89565)	1/4/2000 10:24:00 AM
From: Eric Wells	Read Replies (2) of 164684

Eric, be patient, it's "almost" time to buy Yhoo puts. Jan - I'm thinking about purchasing a small amount of puts on the 11th (Yahoo's report date) and then perhaps more on the 12th (day after). History shows a pattern of a major run-up the day of announcement, and then a pull-back afterward. The problem with this time around is that Yahoo is most certainly going to announce a stock split - which will most likely send the stock higher. However, I'm almost willing to buy a small number of puts on the 11th anyway - knowing that there is a strong likelihood they will be worth nothing on the morning of the 12th (if the historical pattern holds, they will be worth something). -Eric

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