Amazon.com, Inc. (AMZN) Message Board

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

AMZN 247.70

+1.3%

10:35 AM EST

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To: Sarmad Y. Hermiz who wrote (52527)	4/24/1999 4:02:00 PM
From: GST	Read Replies (2) of 164684

Sarmad -- re: top in amzn -- Imagine there are real shorts out there right now on AMZN -- we could see a surge to the range you suggest, in the 250 range. I cannot say that there is any science to this valuation. A 20-50 dollar move in AMZN, for example, would be huge, but certainly not out of the question. Somebody recently suggested a surge to 300 -- which may sound a little silly, but then look at the charts -- silly is hard to define here. As H James has pointed out, this is a tough stock to make money on by buying puts -- I hope I don't blow a bundle on this, knowing how strange it can be. I have been super cautious about taking another shot on this one -- I will probably feel a little queasy when I finally decide to 'click'.

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