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

AMZN 229.60

+1.5%

Nov 25 3:59 PM EST

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To: craig crawford who wrote (20828)	10/8/1998 8:10:00 PM
From: M. Frank Greiffenstein	Read Replies (2) of 164684

Russel20000 crazier than a rat in a cesspool... CC, I agree this was a "bad rally" You can't talk good rally when the new lows indicator was the fifth largest in stock history (source: CNBC). And that was on a day when Dow was only down 11 !! You can't talk about a good rally when Russel colapses almost 4% and NAZ goes down the Dow equivalent of over 200 points. Listen, I hope the Dow and Naz fly tomrrow, I really really do. I lightened up my GTW puts today and started nibbling at AMZN puts again when it climbed back to 86. I want AMZN to attack 100 mark again. And when Bezos has to amdit that short end of yield curve (where his bonds sit, AMZNS only asset) has collapsed (like it did this morning) but he still has to pay 10% on junk bonds, the shit will really hit the fan. This will happen, 100% guaranteed. Of course, when BKS buys CDnow and NK2, AMZN's one claim to fame will be gone <g>. This is my prediction. BKS will buy the newly combined CD entity on the cheap. They've got the cash. So does Bertie. DocStone

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