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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.15-2.5%3:59 PM EST
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To: Glenn D. Rudolph who wrote (6164)6/16/1998 1:36:00 PM
From: F The  Read Replies (3) of 164684
 
>>Congradulations on an excellent trade. I hope it is my turn to have things go my way<<

Glenn, Jawd just got out at $70. I think it will start dropping after June option expiration date. Those people who sell naked calls have to buy. Is it right?--as I said I don't have enough experience in the stock market. After the expiration date or even at the exdate, I hope to see lots of profit takers, unload their fat profitable AMZN stocks. It may be the turn for the bears. I am thinking of unboxing my 500 shares and add more short position Thursday, but will see. This is how we can recover and profit. However, of course what if it goes up. Do you know if price of this kind of hyped stock will usually go down after option expiration date? I also think the option sellers manipulate AMZN stocks because of the low float.

During this pass week, the daily volume has been more than 4 times average. This shows momentum players and shorts are perpetuating the increase and the option expiration adds the price up as well. Hope those players would stop next week.

Sorry that most of what I think are based on intuition, so need confirmation whether it is right or wrong and some inputs from the experienced ones.

Thanks,
Felicia
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