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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.76+2.5%3:59 PM EST
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To: doug doan who wrote (867)11/25/1997 10:42:00 PM
From: Bilow  Read Replies (2) of 164684
 
Hi all; Finally, I bot Jan 45 puts, (5 of em, .ZQNMI at $4). I also bot
puts on CPQ this morning.

They sure were expensive, but I think this puppy will start moving
as soon as the option holders can move their sales into the next
year. This is from my own personal observation of people with
options in hot stocks that really aren't climbing that much anymore.
Problem is that those deep in the money options start making you
feel kind of wealthy. The next thing you know, you've got debts,
and you have to ex. a few of those options to raise some cash.
Even if you don't sell the stock, in order to borrow money against
it, I think you have to put it in an account where they will be
available for borrowing. So I'll watch for sales after Jan 1.

-- Carl
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