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: Glenn D. Rudolph who wrote (16445)	9/8/1998 9:46:00 PM
From: OtherChap	Read Replies (1) of 164684

Glenn, if you consider that Amazon was unable today to close above its opening price, even though the market was up over 300 points in the late afternoon, I think a stationary or down market will be good for AMZN shorts. Watching it today, it seemed to track the dow tick for tick until the last 2 hours when it disconnected from the rest of the market and just went nowhere.. BTW- I added 100 Oct 60 puts today to my total.. I would have added more but the premiums are so huge that the puts barely dropped even though AMZN went up 6 points.. I've actually got a large percentage of the open interest for that put now!! :)

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