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

To: slipnsip who wrote (9231)	7/7/1998 3:55:00 PM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

David: I"m with you on this one. Waiting to unbox, will watch and play tomorrow -- just in case all those smart value investing amznians hop back in. Though I will load up on deep (and I mean DEEP) out of the money Jan99 puts tomorrow (the increased vol today and implied vol barely causes a ripple when you're buying something that far out of the money). Jawd and Mark -- thoughts. Play this going down today or sit this one out? llama

To: slipnsip who wrote (9231)	7/7/1998 4:03:00 PM
From: Tom Klempay	Read Replies (1) \| Respond to of 164684

David, I agree with you about the panic. It's very scary that the wild swings these 'Net stocks can take. After watching my biggest 'Net stock holding (SEEK) go from 45 down to 21 recently (and holding the whole time), I feel it's wiser to take some of my profits for AMZN off the table. It's one thing to trade on fundamentals, but this kind of trading doesn't have anything to do with fundamentals. Slightly on-topic, did anyone notice on CNBC today that they seemed to be very negative on the 'Net stocks today, especially the guests? -tk