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


To: John Xu who wrote (1091)1/1/1998 10:55:00 PM
From: TERRY MURPHY  Respond to of 164685
 
Any Amazon fans ever heard of a company called Digital River? The company is private but 37% owned by a small OTC-listed company called Tech Squared (TSQD). Digital River is a leader in selling software over the Internet, a market estimated to be about twice as large as that for books. Digital River will probably IPO within the next year and if it fetches a market cap anywhere near Amazon, the implied valuation for TSQD would be about $20 per share. The stock is currently about $2.50. It has run up of late as I think people are starting to see the value here. Any opinions?...Terry



To: John Xu who wrote (1091)1/2/1998 8:07:00 AM
From: Musa Goksel Bulat  Read Replies (1) | Respond to of 164685
 
I have comments about option trading.
When someone wants to buy or sell an option the other party may be another investor or the market maker. Market markers has to buy/sell if there is a market order, however they can play with the price. When an option is deep in the money it has a low time value and it is hard for market makers to charge big premiums for the option.

IMO whoever sold 40 calls did it to protect their portfolio, and I think in this case buyer (forced to buy) is market maker.

AMZN is sure destined to crush and it is trading at a delicate balance of buy and sale orders any change towards sale will crush the stock.

This sure looks like insiders are selling calls.