Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Rob S. who wrote (14879)	8/27/1998 6:58:00 PM
From: OtherChap	Read Replies (4) of 164684

My prediction is a gap down at the open to 109, then a quick march down to 100. There is no question at ALL in my mind that amazon will be below 100 dollars at the close tomorrow. My entire portfolio is currently held in the Sep 130 puts. I have no other holdings of any kind, except a small "cash emergency" fund that I never touch. We could see a doubling of almost all near-in-the-money puts tomorrow. S&P futures down hard at this moment, the market collapse will continue in asia tonight and bank closures around the world are just a step away. William, don't be silly and ride your enormous AMZN profits into the ground. There's no shame in holding Amzn puts in this sort of market.

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