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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: GST who wrote (40532)	2/16/1999 11:55:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

GST, <perhaps it is because I expect a rather violent move down and perhaps you see something more graceful. > Well, a violent move down will kill the game, would it not ? But of course for the nearly expired puts that is exactly what you want. I prefer stair stepping down, if I can get it. But this short position is so stressful, I may just close it if we get a big move down. I am very interested in watching this tomorrow. I want to see if what you have been saying will occur. What happens when shares are offered, but no buyers step up. I just don't know whether Morgan Stanley will buy for their own account or the other brokers who have been recommending the stock. The NSDQ is just not budging from -3700. I wonder if my screen in frozen or what. What denomination are your puts ? -Sarmad

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