Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: Jeff Mizer who wrote (24769)	11/6/1998 2:35:00 PM
From: Jay8088	Read Replies (1) of 164684

Well 120's maybe OK. But the premiums on AMZN puts are just obscene. And even in a market downturn, AMZN may first bounce off the rising trend line around 100. The real collapse based on these negative fundamental news may not hit till Dec if not early next year - at best. Don't forget the market manipulation factor behind the thing. I am shorting more respectable stocks like CSCO and DELL... Side news: I saw a blip about Carlton Lutts talking up AMZN as the Walmart on the net! (LOL) I wonder how many momentum investors he can muster this time...

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