Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Glenn D. Rudolph who wrote (9316)	7/7/1998 10:33:00 PM
From: Robert Duncan	Read Replies (2) of 164684

Hi everyone! An interesting day today to say the least. I am happy that my Puts are actually back around the value I purchased them for! I would be interested in opinions on AMZN trading tomorrow. Do you think internet stocks will trade lower (perhaps sharply) ahead of Yahoo's earnings or do you think they will ride up because investors are expecting Yahoo to beat expecations greatly? On the one hand, it seems like expectations are so high YHOO has no chance of beating them. Then again, if YHOO beats earnings by 20% or more I can easily see people saying "see, these stocks have such amazing growth rates they deserve to be run up even more!" Remember last quarter when YHOO crushed earnings expectations this happened - I think from like 100 to 130 or so in a week or two after earnings. Then again, YHOO has doubled almost since last earnings so maybe this is not really a reasonable expectation. Obviously, I am simply trying to decide if I should sell my Puts on the dip (assuming one occurs :) ) tomorrow or if you see more downward pressure to follow. Thanks to all! Robert

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