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

To: Narotham Reddy who wrote (8541)	7/2/1998 10:26:00 AM
From: e. boolean	Read Replies (1) \| Respond to of 164684

Zero gravity and zero information to bring a little reality into the picture - next week's YHOO earnings should add a dose of information. Look at how SEEK was shunned after they announced a real partnership with real media muscle. Imaginary partnerships are much better for stock performance. These stocks have attracted so much attention lately that I believe their public nervous breakdowns and subsequent unravelling will occur much more rapidly than if they had just bumped along as the darlings of the MF/online trading set. Consequently, I believe the longer term puts are now much less risky than they were last month (and am betting heavily accordingly). The media love to hype something one week, then tear it down the next. The mobs will be gathering soon to jeer and throw stones. e.b.