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


To: Marty who wrote (11125)7/21/1998 9:24:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
U.S. OPTIONS/Amazon vols firm, await Q2

Reuters Story - July 21, 1998 21:17
%US %STX %DRV %.N/OPT AMZN V%REUTER P%RTR

CHICAGO, July 21 (Reuters) - Implied volatility on
Amazon.com Inc. options held firm in active trading on Tuesday
morning as the stock shot up to a fresh record.
Volatility for August at-the-money options was trading
around 100 percent as traders braced for the online
bookseller's second quarter results, due on Wednesday.
"Vols will go higher in the next day," said Paul Foster,
investment strategist and editor of 1010WallStreet.com.
"But there's no such thing as an average volatility on
these Internet stocks anymore," he added.



To: Marty who wrote (11125)7/21/1998 9:46:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 164684
 
Marty: thanks for your response!! I have ventured a little Dell profit on AMZN, and all I can manage to do is hold. I have no clue how trade this one!



To: Marty who wrote (11125)7/21/1998 10:05:00 PM
From: Mike M  Read Replies (2) | Respond to of 164684
 
<<You're right, Dennis, the fundamental analysis doesn't work in this case. This is a whole new ball game and the old way doesn't work any more. The shorts used to make the same "overvalued and unjustifiable capitalization" on YHOO some 150 points ago.>>

And PRST and IOM...and BEAM....

I have an idea...let's make a rule....fundamentals just don't count....if we all agree, can we be wrong?...

Mike