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

To: John Chen who wrote (108397)	9/13/2000 10:34:50 AM
From: Olu Emuleomo	Read Replies (2) \| Respond to of 164684

>>>JM,all,:Don't short AMZN. Especially after this article. INVESTools Tech Advisory, September 11-15, 2000 By John Brobst, Editorial Director 1. Option Sage Advises Betting Against Business Week (AMZN) Business Week (BW) tried to write the obit for Amazon.com (AMZN - $43.81) last month. But Bernie Schaeffer has done well by betting against BW in the past, and he sees a good chance to do it again. BW predicted the e-tailer will be "bought out and sold for parts" unless it turns a profit soon; shares responded by gaining 40% since July 31. The contrarian Schaeffer also cashes in regularly by betting against short players. Today is no exception as short interest has jumped 11% to 32 million shares, its highest level since March 2000. Amazon.com is now the eighth most heavily shorted stock on the Nasdaq, and Schaeffer sees a short-covering rally adding momentum to the stock's rally. On August 24, 2000, Schaeffer recommended buying the January 35 call (QZNAG). For more on Bernie Schaeffer's advice see "Aggressive Portfolio," September 2000, The Option Advisor. Bernie Schaeffer provides practical option investing recommendations that are simple to understand and execute. For a FREE 30-day trial go to: investools.com