Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sanzen who wrote (6769)	6/19/1998 1:10:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Do you mind to elaborate this a little bit? Are you saying that MM bought calls and they are keeping the price up while closing their calls to collect their money? I would appreciate your response. Sanzen, The MM did not buy calls. They sold calls to the public which apparently bought them to play AMZN long with the momentum. The MMs are in a sense short the stock for the calls they sold. The owners of these calls who have a profit, will either close their calls with the MMs for cash or take the stock. The MMs have to come up with enough stock to fill the demand for assignment. Glenn