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

To: umbro who wrote (9406)	7/8/1998 10:01:00 AM
From: tonyt	Read Replies (3) \| Respond to of 164684

>Last I checked, the 107 area was holding. Not any longer. AMZN trying to hold $102 right now. AMZN Should be testing $100 in a few minutes.

To: umbro who wrote (9406)	7/8/1998 10:25:00 AM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

Gary: Funny thing that earnings stuff, amzn has none, and yhoo's no matter how many pennies it beats concensus by, it's still total guesswork as to appropriate valuation. IMHO, it's the momo boys and girls that have lifted these and they're returning to reality. You are, however, 100% right in that it's the interpretation of the quarterlies which can monkey around with the stock price -- with that I cannot quibble. If you want to play dangerous short term, unbox a hedged position (longer term, you'll make good $). Safer bet, load up on deep out of $$$ Jan99 puts and/or calendar or bearish spread. Llama