Amazon.com, Inc. (AMZN) Message Board

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

AMZN 224.27

-3.7%

1:02 PM EST

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To: umbro who wrote (9093)	7/6/1998 10:33:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 164684

Mkt cap of $6.9 billion, as of today. This for a company selling books to marketplace which is inaccessible to over 55% of American households. Funny! Definitely a tulip mania. Notice how the stock has outran the entire put option chain again, even though three strikes were added in $5 increments (in July expiry) Yes, the premiums are definitely coming down. Still too expensive, considering that the last Aug strike is 125, and the stock is at 140. Also notice that the last Oct strike is still 115, a full 25 pts out of the money. What's up w'that? The MMs are evidently scared to offer Oct 130 puts at any price. Kinda goes to show where the MMs think this one is going....

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