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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: rfisher who wrote (2309)	6/12/2000 12:55:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

I bought some AMZN puts today. I have no other short or put plans. I believe AMD and MU are extremely overvalued but have lost money betting on declines of both of these in the past and at much lower levels than today. I expect SUNW to retreat to the mid to high 70's in the next week or so, but this stock could catch you out and turn the other way quite easily because its price is based on hype which seems to spew forth endlessly from the company press releases.