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


To: Glenn D. Rudolph who wrote (4848)5/29/1998 2:02:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Glenn,

Just signed on and got confirmation of (selling) 2 Jul 100 calls for $3 7/8. Have 3 Jul 95 calls pending asking $9. I know I will not get it, just in case.

Jan



To: Glenn D. Rudolph who wrote (4848)5/29/1998 2:03:00 PM
From: Candle stick  Read Replies (2) | Respond to of 164684
 
I just remembered that yesterday was the AMZN shareholder meeting. Was it a "love fest"? Did anyone go? Great timing by the company to place the split 2 days after the meeting....created a lot of interest and hype to cause some buying and support for the stock right before the split...I have to hand it to management, they know how to play the stock price action.

I did not hear any new news or see any press releases, that are usual after an annual meeting....guess there was nothing new to say and nothing on the horizon other than what we know already...that being said, the stock has all the news factored in and once the split goes into effect I expect the shorts and hedge funds to aggressively go after and sell AMZN and cash in on their large short positions.

This time I think we will get a 10 point decline after the split , which translates to a 20 point drop pre-split and a price of about 32-33 dollars, given it splits about 86-88.......that will take us to the previous breakout point of 65 pre-split....I think we could see that decline over 2 weeks....good luck and great weekend to everyone......;^)