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: Peter Church who wrote (8017)	6/29/1998 3:10:00 PM
From: Peter Church	Read Replies (1) \| Respond to of 164687

Options activity is interesting. This morning someone opened a position with 650 July 50 and 70 puts and matching July 110 calls. I'm not sure if the position is long or short or neutral. Does anyone understand what it means? Also, does anyone have level II access to information on who made big trades this morning?

To: Peter Church who wrote (8017)	6/29/1998 3:15:00 PM
From: F The	Respond to of 164687

>>The momentum traders are playing bluff poker, IMHO.<< Hi Peter, Agreed with your opinion. They have been for the last two weeks. They kept betting it up because the pot was so large and better chance then eventhough their last cards were awful. The pot (when it is near $100.) is and chances are much smaller so they are a bit reluctant (volume gets smaller,) and not that many are willing to bluff I hope but they are following the call till the end to see if there is a possibility to bluff after seeing the last cards. Felicia