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

AMZN 233.95

+0.3%

3:59 PM EST

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To: Peter Goss who wrote (1230)	1/19/1998 8:51:00 AM
From: Don Westermeyer	Read Replies (2) of 164684

Peter, I too shorted in the fall. One never knows how high things things can go and it is best to just short in small quantities. These small float / large short interest stocks are really dangerouse, but I don't really regret doing this, yet. :) I could have said the same thing for EGRP and had I waited I'd have missed out. In fact only reason I didn't short AMZN in the $30's is because I couldn't get shares (lucky I guess). IMO, AMZN is an excellent short at anything over $40. I won't really add to my position since I'm in pretty deep already and there are plenty of other stocks to play around with also. The reason I hate 'put' options is, as you said, the premiums on stocks like this are too darn high!

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