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

To: Jan Crawley who wrote (9225)	7/7/1998 3:34:00 PM
From: jach	Read Replies (2) \| Respond to of 164684

amzn longs, still have about 30 mins to unload. Historically this type of stocks when open the next day typically gap down; possibility of -20 to -30 at open tomorrow

To: Jan Crawley who wrote (9225)	7/7/1998 4:08:00 PM
From: Rob S.	Respond to of 164684

I think with the premium being paid for the calls it beats selling the stock short at this point. Of course, AMZN is a good company with a popular following and is likely to remain highly volatile. I would be surprised to see it head straight down quickly. The timing is right for them to announce a secondary stock offering or a stock split. Either of these events could cause another rally. I am sort of hoping for a split. That would likely create an even better chance to play the calls or go short (if you can get any shares away from MMs).