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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Leo J. Bourne who wrote (10525)	6/24/1998 8:46:00 PM
From: Michael	Read Replies (2) \| Respond to of 18691

cbs.marketwatch.com The new short number for AMAZON is 8,745,144. The float on AMZN is 6 mil. Your Friend, Michael

To: Leo J. Bourne who wrote (10525)	6/25/1998 2:36:00 AM
From: Marc D.	Read Replies (1) \| Respond to of 18691

Leo, looking at the same thing here. I would like outright Puts, but the volatility has made them incredibly pricey. Instead, I'm considering buying in the money Puts and selling an equal number out of the money (10 or 15 points) Puts for a bear spread. For example, buy July 105 Puts for 14 3/4 and sell July 85 Puts for 5. A close at or below 85 in July would yield about a 100% gain. July may be too soon, though. I'd like to leg into this spread on the big reversal...hey, we can all dream. Marc