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

AMZN 229.10

-1.4%

Dec 4 3:59 PM EST

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To: Glenn D. Rudolph who wrote (117486)	2/11/2001 11:09:08 PM
From: The Reaper	Read Replies (1) of 164684

<So why would the Fed be putting the breaks on now?> I don't know. That's a question Uncle Al alone can answer. They were however providing liquidity well before they lowered rates in that surprise move in Jan. As far as your TV appearance... thought you came across as someone with a legitimate beef, not as sour grapes. I can't imagine the brokerage not allowing a position to turn into a short against the box. I'm curious as to the specific reason they wouldn't allow you to keep the short position while buying long to hedge the short, keeping both positions open until you were ready to close out one side or the other. Was it a question of margin/buying power? The report just said that the broker termed the position "illegal". That's got to be misreported since it's not. kirby

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