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

AMZN 223.83

+0.6%

11:39 AM EST

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To: Rob S. who wrote (27147)	11/19/1998 8:58:00 PM
From: Jan Crawley	Read Replies (1) of 164684

Rob, I think that the actual float is roughly 13.3 million shares currently, not counting Junglee/plantell's 2.6 million available shares for sale. I am thinking about the following approach for the short-term: I now have 700 short shares(200 of them shorted this morning), I also have 400 long shares. I plan to close 300 shares and just keep 400 short shares until the split. I wrote 2 Nov 150 calls, but receiving $21 premium therefore I think I will be OK to close them tomorrow. I also have 2 Dec 120 calls with $22 premium, but I also wrote two Dec 120 puts with nice premium to hedge. I agree with you, the 3 for 1 split is not a good thing, but let's go slow and stay flexible. I would thought that 2 for one is a more responsible treatment. What do you think?

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