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

AMZN 239.06

+0.4%

Jan 16 3:59 PM EST

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To: Dwight E. Karlsen who wrote (33789)	1/10/1999 2:52:00 PM
From: Jan Crawley	Read Replies (3) of 164684

Jan, that can't be possible. Inut longs losing $25-$40 in one day? Everyone knows these stocks only go up. I am trusting my "touch" and "feel" this time. :))) I partially opened and closed my box on Friday and had some nice $$$; I opened(sold) 250 shares at an average of $188; bought back(covered) 175 shares. I think that I will be able to cover the still-opened 75 shares tomorrow at $150 or maybe lower! I think that most of the "lucky few" who shorted at $190 and plus on Friday were covering when the stock dropped to $170 the first time. Looking at the options table, I see call buyers taking profits and I see "covered call writing" on Friday. I think that the "short-squeeze" on "naked calls" was over, and I think that all those who bought in the $185/$190 ranges are ?????

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