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

AMZN 233.23

+1.8%

Nov 28 12:59 PM EST

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To: Glenn D. Rudolph who wrote (31959)	12/31/1998 2:03:00 PM
From: Bo Le	Read Replies (2) of 164684

Glenn, I have some AMZN Jan. 99 260 puts. But I am not sure if AMZN will drop by Jan. 15, 99. I feel more certain that AMZN will drop to $50 level from $320 by April, 99. So if my Jan. puts become worthless in Jan. 15, 1999 ( I like that to happen because that imply there are plenty of room for AMZN to drop in Feb. and March next year), then I will buy at least 10K worth of AMZN April puts. I consider my Jan. puts as an insurance policy. I believe there are a few individuals who consider most AMZN (and internet stocks) investors who buy AMZN using their hard earn money and us who go against the trend are fools. But they need a way to realize their paper profits. I don't know how they are going to do that. But until the day they decide to exit comes, we will keep losing money and AMZN fool buyers will keep see their profits go higher and higher. I just feel that day is very close. My best guess is some where around middle or later Jan. 99 when AMZN, YHOO, AOL all reporting beating expectation results. Let's wait and see. Bo Le

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