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

AMZN 227.58

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3:59 PM EST

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To: Tradegod who wrote (6466)	6/17/1998 10:04:00 PM
From: Mike M	Read Replies (3) of 164684

<<Imagine buying a June 45 last week for 3 dollars, it's worth 34 now. I believe that most of the option holders will NOT exercise which will add to the derivative pressure over the next 2 days >> Really interesting....but why won't people exercise the call options...It would be difficult to let a $34 option expire worthless wouldn't it? Seems to me that somebody has to be holding the option the day it expires if it hasn't been exercised before that....please explain what you mean by derivative pressure. Thanks, Mike

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