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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.29+0.5%10:08 AM EST

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To: Rob S. who wrote (42926)2/27/1999 4:46:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
Rob,

>> straddle between stocks ready to fall and those poised for rebound.

Easier said than done.

I have 2 points re amzn.

1- if price gets to 145, then that's within shooting distance from the conversion price. It may attract a lot of buying then, since the bonds that are converted will be removed from the debt, which of course is very positive to the business, even if dilutive to the shares.

2- there may be a stream of announcements leading up to Q1 report in an effort to get to item 1 above. And of course momentum begets momentum.

I think the best course is to trade it in small bites, and don't hold an unhedged position overnite.
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