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

To: Brad Davies who wrote (1650)	2/22/1998 10:43:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Ron, the issue with AMZN is that it is usually difficult to borrow shares at all for short positions, so it seems to me that if your broker can't borrow shares when your naked calls are exercised, then you would be forced to cover. Of course, if the exercise comes after the close on Friday and the stock opens down on Monday, you may come out of it OK. In any case, I was just pointing out a possible flaw in the idea of getting called as a means of establishing a short position in AMZN. I appreciate your thoughts on the subject. Regards, Bob PS: If the pattern you point out is fairly reliable, you may be on to something. Write in-the-money calls just before the close on expiration Friday and cover on the dip on Monday. OTOH, if you tell too many people, it won't work. Oh, well.