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To: Lizzie Tudor who wrote (48230)6/19/1999 6:52:00 PM
From: per strandberg  Read Replies (1) | Respond to of 86076
 
Michelle,

Drugstores are not much fun, but toy stores...
I like the experience of seeing,touching, trying out toys.
Especially games and magic tricks, puzzles etc.

The problem as I see it:

Buying a car will necessitate a visit to some dealer to
look at the car, sit in it and take it for a trial ride.
I will never buy a car just from looking at a picture and reading
a review.

Then going home, ordering it via the web, using some
autobot to find the lowest price.

The dealer will only be used as a free showroom.
The dealer will earn less, will go out of business or start selling
via the Net and cut all expensive freebees.

Who is going to show me the car?

One possibility is that the Net sellers arrange their own showrooms
but if I'm not saving any money, then I might as well say "OK, I'll take it" while I'm there.

Thinking about that gives me a headache so I will go down to
the drugstore (still open) and get some pills immediately.

As for groceries, I still think I want to squeeze those avocados
before I buy them.

I may be conservative but I prefer to still have a multitude
of shops to browse around, even if it costs me a little more.

Regards
Per S




To: Lizzie Tudor who wrote (48230)6/19/1999 9:32:00 PM
From: Haim R. Branisteanu  Respond to of 86076
 
Michelle May I suggest an investment strategy for AMZN??

AMZN issued convertible debt which yields now around 6% (trades below par).

Strategy buy the debt, short AMZN, write puts on AMZN (it is covered puts) If AMNZ goes up you are limited by the conversion spread, cash in the puts and 6% a year on the debt.

Assuming that you will write puts each month (July 110 puts are over $10) and with the present implied volatility it is a great return of 10% a month.

If AMZN colapses the debt will collapse to.

for sure there is no free lunch but much more safe than just buying AMZN outright.

BWDIK
Haim