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

To: Jan Crawley who wrote (6202)	6/16/1998 2:19:00 PM
From: NIng Zhao	Read Replies (1) \| Respond to of 164684

Why not go for a lower strike. I sold about 10 of the oct. 30 calls. I get to pocket $4000 for each call, and there is even a little time premium involved. You get a much higher upside vs the oct 70 call.

To: Jan Crawley who wrote (6202)	6/16/1998 4:54:00 PM
From: F The	Read Replies (1) \| Respond to of 164684

Jan, >>I have an Oct 70 uncovered call order pending right now, asking $14 premium for 2 contracts; just in case. Current premium is around $10.<< Did you get filled in? The high was $14. May be tommorrow will be $18. I may do the same thing, but I will wait, who knows they may have the same premium for Oct75. It is crazy, they are hyping it like KTEL. I am mad and going to add some more shorts later after the volume slows down. I am a long term short sighted in AMZN. I had no intention to play this big (over $100000 for one stock,) but have to. I am using some of my real estate profit as my capital for shorting AMZN. Felicia