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


To: William T. Katz who wrote (4805)5/28/1998 1:18:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Having a little trouble interpreting your position ... are you going to accumulate short shares around the split? Also, would the split help prevent a short squeeze by increasing the float?

I am absolutely bearish on Amzn's L-T price appreciations from here. But I am waiting for a supposedly split effect in the next few days to accumulate some short position. I have two GTC pending orders to write uncovered calls; 1. 2 Jul 95 for $9 premium and 3 Jul 100 for $6 premium.

Any comments, regarding to how to better take advantage of the May /or May not happen split effect, are welcome.

Jan

p.s. I believe that the split will easy the short-squeeze problem to a large extend, not immediately, but shortly afterward.