Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.44

+0.5%

3:59 PM EST

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To: slipnsip who wrote (6759)	6/19/1998 12:52:00 PM
From: Mark Myword	Read Replies (1) of 164684

>> Also bought additional puts July 70 puts to replace the June ones that will no doubt expire worthless (unless of course we get a 15 point decline << David - my last name isn't Clinton , but I feel your pain. It occurs to me that AMZN will close VERY close to 70 today; all day long it has danced around that number. Why? That must be the price that maximizes the Street's options positions, both puts and calls. If anybody out there can provide further guidance on this theory, we may all find it useful. Obviously , the company fundamentals have not been a factor here for the last two weeks. This is a trading vehicle to extract maximum $$ from all the various players, long and short. JMHO , and GOOD luck to all! Bill

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