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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.10+2.5%Nov 24 3:59 PM EST

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To: Glenn D. Rudolph who wrote (36111)1/22/1999 4:20:00 PM
From: James Thai  Read Replies (1) of 164684
 
YHOO and AMZN may end the day negative. Hmmm..

No way (duh, easy for me to say that now that the market's closed)

I unloaded my YHOO puts (~40% loss in a day) this morning, but I'm holding on to the AMZN calls (~45% gain) for another couple of days. Why?

1) AMZN earnings rally.
2) Short covering rally.
3) 50% "correction" makes AMZN look attractive now.
4) And of couse the always unpredictable Bezos PR machine.

And a few other things that could drag the market up.. AOL earnings (fastest million customers? can't be bad. Especially with INTC and MSFT beating estimates, I think AOL is coupled to new computer sales now) and INKT split.

Just IMHO of course.

James.
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