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

AMZN 233.23

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To: GST who wrote (41309)	2/20/1999 12:11:00 AM
From: KeepItSimple	Read Replies (1) of 164684

> Do you wonder why Blodgett was out pimping the day of expiration? The same reason he made his $400 per share prediction two days before expiration last time. He had certainly taken a large position in calls. The closer to expiration, the cheaper the option is, and thus the greater the leverage is. Greenspan announced he was raising rates 15 minutes before options expiration for a reason. The options were cheapest, and they provided the best leverage. Long Term Capital severely needed some way to dig themselves out of a hole- and Greenspan gave it to them.

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