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

To: Francis X. Brown III who wrote (4214)	5/11/1998 4:25:00 PM
From: William T. Katz	Read Replies (1) \| Respond to of 164684

Well, I covered my 200 shares shorted at 92 and 94. I keep on hearing in my head "Bulls get rich, bears get rich, pigs get slaughtered." Of course, I always pull out just before something goes up or down bigtime :) I shorted some more CDNow when it was + for day, close to 27 and covered all but 300 shares at 25. Not sure what to make of market at this point. See reasons for it to go up and down. But I've got a large cash position now. The big question is what the general market does. AMZN seems to go with NASDAQ nowadays, but fundamentally, I think CDNW [esp at higher levels] is more overvalued than AMZN.

To: Francis X. Brown III who wrote (4214)	5/11/1998 4:46:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Francis, remember you can always buy puts even if there are no shares to short. Please this is not my recommendation, unless you go far out. Then you'll have to pay a fairly high premium. If you believe that Amzn has a long way to go down? Then, that premium will not be so unattractive. Actually, the premium might end up looking as tight as a Flies ass, stretched across the Golden Gate bridge.