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


To: RFF who wrote (3343)4/23/1998 11:41:00 PM
From: Jeff Olson  Read Replies (2) | Respond to of 164684
 
RFF, your information is flawed. Quote.com doesn't include the all the non-American exchanges, but Reuters takes this into account. The after hours price is 31 13/16, see biz.yahoo.com.

I've made quite a killing on internet stocks lately and I think they will likely continue to rise, but it seems there is a strong bias in this group against them. However, it seems that we both agree on one thing. That AMZN will not be trading where it does today (81/share) this time next month. So, for those who haven't made any money in the current run up and don't know which camp is right, I purpose a middle ground. Buy a straddle option on AMZN (80 May) tomorrow (i.e. 100 put options and 100 call options).

The humanitarian in me can't deny those on the sidelines the chance to make money just because of a little spat between the bears and the bulls.