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To: IceShark who wrote (3094)	7/20/1998 10:28:00 PM
From: Joseph G.	Read Replies (2) of 86076

Judging from in the money puts, nearly all AMZN float is shorted by option MMs to hedge puts sold. Posted earlier today: <<I feel sorry for the bears. But I think the price of AMZN these days are mostly driven by momentum players. I has been holding AMZN for over a year and I am out of AMZN today at $127. I decided I made enough money out of this stock in such a short time. The only stock that beats AMZN in my portfolio is MSFT, but it takes MSFT much more time to be so profitable. I decided to move all my profit on AMZN into MSFT and CSCO.>>

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