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

To: Lizzie Tudor who wrote (71914)	8/4/1999 7:56:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

>I bought puts and I hardly ever do that but have done well with those. I won't > be greedy though. My Yahoo puts have tripled in price since I bought them around 3.25-3.50. I agree about not getting too greedy, but you must remember that most of these stocks are still 90% overvalued. The rest should have never become public companies at all- and did so only because the brokerage houses couldnt resist the underwriting fees.

To: Lizzie Tudor who wrote (71914)	8/4/1999 8:05:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

Thanks Michelle. I was a bit frustrated by last week's one day rally (I believe it was Wednesday) when I lost six points on each of my three shorts. But on Thursday, I was asking myself "Should Ebay and Priceline both have market caps greater than $10 billion?" And the clear answer was 'no' - and in fact, I think $5 billion would be difficult to justify. Thurs through Monday, I eased back into my shorts on EBAY, YHOO and PCLN - and then shorted AMZN this morning. And I believe I have you to thank for the money I've made on my Priceline short - as I believe it was your posts to this thread that motivated me to investigate Priceline further only to discover that it is insanely overvalued (at least, in my view) - I'm 12 points in the black on my PCLN short. While I'm cautious in holding my current short positions, I feel more comfortable with being short than I did last week - I think there has been a major increase in negative sentiment on the nets during this week alone. Of course, I imagine we could see a gap up if tomorrow's productivity numbers are stellar (I believe they're coming out at 10:00am ET) - but it seems that even stellar numbers may have a difficult time turning this market around. Thanks, -Eric