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

To: Jan Crawley who wrote (6494)	6/17/1998 11:14:00 PM
From: Mike M	Read Replies (1) \| Respond to of 164684

<< ask the broker(house) to close the option and put the $3,100 into their account directly.>> Jan- Where would the $3100 come from to "close the option" as you put it?....Once an option is written and purchased, it will either be sold to someone, expire worthless or exercised....the broker simply conducts the trade on the client's behalf, he doesn't underwrite the value of the option. Mike

To: Jan Crawley who wrote (6494)	6/17/1998 11:34:00 PM
From: F The	Read Replies (2) \| Respond to of 164684

>>Exercise (assignment) means to purchase the stock at $45. Then try to sell/hold the following Monday.<< Hi Jan, So there will be a sell pressure because they want to lock in their profit. People who wrote June covered calls will be likely to liquidate their AMZN stocks. Well, we should be right if not tomorrow or Friday, should be Monday as you mentioned on your previous msg. We have been wrong for so many days and it would be nice if we are right for a change. Felicia