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

To: Jan Crawley who wrote (10244)	7/13/1998 11:29:00 PM
From: Magnus Capital	Read Replies (1) \| Respond to of 164684

After lurking around for months, I will join this thread. Kudos to many of you left here now (Glen,I admire you). I have been short from 109 to 143 and covered Friday and today between 98-100. I also re-entered my short today at an average price of 102 (1500 shares). I manage a small hedge fund and will post when appropriate. Good luck to all!

To: Jan Crawley who wrote (10244)	7/13/1998 11:42:00 PM
From: llamaphlegm	Read Replies (2) \| Respond to of 164684

THought you all might enjoy this one from TMF: Since CanStic isn't around anymore to post all the negative press, I guess I'll have to do it: seattletimes.com It's a Seattle Times article about the valuations of Internet stocks, with a lot of attention given to Amazon. My favorite quote: Robert Stovall, president of New York-based Stovall/Twenty-First Advisers, said the recent interest in Internet shares brings to mind stock crazes from the 1950s and '60s: Uranium stocks at the dawn of the Cold War, drug and biotech stocks after the discovery of a polio vaccine and space-related stocks when President Kennedy pledged that America would send a man to the moon. In those cases, investor interest eventually cooled after an initial crush. Of course, history never repeats itself so there's nothing to learn from those events. What was that -- like 30 or 40 years ago? No relevance at all . . . Rimpinths --LP

To: Jan Crawley who wrote (10244)	7/14/1998 8:17:00 AM
From: Glenn D. Rudolph	Respond to of 164684

The call options (July 100, 105...etc) was active again today; most likely the same players repeating the same strategies(but it can be rather effective in the short-term) to move Amzn higher. Even I bought 2 Jul 100 call options this morning, sold for $3 gain this afternoon. "I am just trying to squeeze some money back"!! July 105 or 110 puts tomorrow?? Jan, I suppose we are all a good example of what is occurring with this stock. Yesterday was only the second time I was long AMZN. Only for a few hours in both case. The options are all over the place with very high implied volitility beyond July and the implied volitility for July is dropping quickly. Positions need to be squared for the OI on the July options which could cause quick movement in either direction. I am calling a close of 27 1/2 on COMS due to option OI but have no idea here. Buying more puts here????? Have no clue at all. Glenn