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

To: Rob S. who wrote (10182)	7/13/1998 1:25:00 PM
From: Peter V	Respond to of 164685

I don't know how much you got from the call sales, but you should always buy them back when they reach a very small value, just as insurance that they can never come back at you. Who knows, AMZN might have some big news that makes it rocket (even momentarily) and I would not want to have open calls that I could have bought back for a few pennies on the dollar.

To: Rob S. who wrote (10182)	7/13/1998 1:28:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164685

RobS< no panic selling has set in yet.> There has been so much conjecture on the pro's and neg's of Amzn and Internet commerce in general that I'm in the opinion just to leave it alone. The projected death which a lot here, including myself predicted imminently just will not happen until the jury is ready to announce the verdict. I'd love to load up on leap puts but there aren't any but if the bears think that amzn will self- destruct in the next several months they might see those options expire worthless. With the huge premium the MM's have in this puppy the risks are too much. On the bull side, unless Amzn can announce something spectacular (like an acquisition or European sales grabber,etc) I can't see this stock going back into the 100's. Whats the point? If nothing changes, less a significant market correction, Amzn will be in the 65-75 range by year end.