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Politics : Ask Michael Burke

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To: put2rich who wrote (30110)	7/22/1998 12:16:00 PM
From: Knighty Tin	Read Replies (1) of 132070

Thanh, As a fundamentalist and contrarian, Amazon amazes me. It shouldn't even be able to hold $30, much less $130, based upon any common sense analysis of their business, if you can call running red ink on purpose a business. I have stayed away from buying puts because I think we have a pure short squeeze here. Everyone knows that Amazon stock is pure fluff, but with so few shares outstanding, a handful of longs can force the price up. I have no idea when this will stop. I hope to buy puts on it before it does, but right now, the manipulators still seem to have the upper hand. MB

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