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

To: H James Morris who wrote (76041)	8/31/1999 8:38:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

>Kis, are you telling me your going to broke shorting/ puts on Qcom? Hardly. I took a huge hit in the last _15 minutes_ of todays trading, as fund managers painted the tape like crazy on QCOM (it's not my assertion only- ive read the same thing from quite a few online pundits), but the hit wasn't big enough to even erase the profits i made over the last 3 days on the inuts. Funny thing, the options prices on QCOM barely budged at all during today's madness, especially on the put side. The MMs know what games are being played, and they adjust the premium accordingly. If the puts had dropped as fast as the stock rose, I would have had a much nastier loss. It'll pull back tomorrow.