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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (64467)	6/24/1999 6:34:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

For the record, I closed the day 20% cash in my trading account and 80% short through puts in AOL/EBAY/YHOO/DCLK/AMZN. The floodgate of IPOs is being opened even harder- the amount of internut junk IPOs that confirmed they were going tomorrow or next week has stayed steady, not a single one has been pulled. And the reason, of course, is that there are literally only DAYS (less than 5 biz days) before this whole financial mania finally comes to an end. The brokerages could care less if the retail guy gets burned- they want their fees, and they know they'll never be able to get them after this week. And I dont mean the end until the next upward rally, I mean the end, as in forever. Like the end of the biotechs. Or the end of the radio stocks. Or the end of tulips. The internut stocks will hang around for a while, but within 1 week you'll be able to buy almost any of them for 90% less than they cost today. The only exceptions will be MSFT & CSCO. Since Glenn and some others find it painful that I could possibly afford large put positions, I'll keep them to myself. But I'll give you a synopsis- the strikes are all at least 15 points below the current equity prices.