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

To: Jan Crawley who wrote (92868)	2/2/2000 11:48:00 PM
From: Glenn D. Rudolph	Respond to of 164684

1. Place limit order to buy 5 Mar-70 for $2 1/2; 4 Mar-80 for $4; Jan, I will join you on the options.

To: Jan Crawley who wrote (92868)	2/2/2000 11:55:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Jan, For what it is worth, AMZN still has $500 million in junk bond dept that is not convertable that was done in the spring of 1998. They are zero coupon bonds and I believe interest begins on thise in 2005. I would have to look up the exact year. I show about 90% of the 1999 spring convertable already in the float. I doubt bond buyers will go for a zero coupon again and in fact, I am inclined to believe a direct secondary is what will occur and very soon. At the current burn rate, the remaining $100 million will be gone by April except there will still be money in the coffers only due to accounts payable that are yet unpaid. A few months after April Amazon will be deliquent in paying their bills without raising cash.

To: Jan Crawley who wrote (92868)	2/3/2000 12:20:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 164684

<< . Place limit order to buy 5 Mar-70 for $2 1/2; 4 Mar-80 for $4; and should be filled if Amzn goes to $85 and $90 respectively. I will short shares if over $90. However, the problem is that those are big "Ifs". If those "ifs" don't happen tomorrow/next few days, then I will just wait for better oppts. >> I am considering selling naked calls on amzn YQNBQ & YQNBR? There's about a $3 premium on YQNBR(feb. 90 calls) and I am tempted...