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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: OtherChap who wrote (21612)	10/15/1998 12:19:00 AM
From: IceShark	Read Replies (1) of 164684

WrongWay, Well I don't know if I would take much comfort in your interpretation. First, a roll out would likely be by a long holder. That would mean they actually believe this POS is going to be worth more than about where we now stand in Nov. And for that kind of cash he must do something right, so might be smart money. I would normally conclude that that type of roll out was stupid (should move up quite a few stairs in strike price since the pro speculators usually don't want to tie up that much cash ITM) but given the crazy option pricing, who knows. I'm tired and will look at Jan's report in the morning. Regards, IS

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