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

To: Rob S. who wrote (12009)	7/29/1998 2:28:00 PM
From: Peter Church	Read Replies (3) \| Respond to of 164684

A note about options on AMzN: Check the different exchanges before placing your ZQN orders. The prices range remarkably. Today I bought the Aug/120 put when the stock price was 2 points higher. The put is now quoted at the same price after being almost 1 point lower. Are the options prices really inefficient or What?

To: Rob S. who wrote (12009)	7/29/1998 2:55:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

Rob, It's so funny that I got it for $114 3/16. Now we would like to sell the 100 shares for lunch money; the 3-martini kind. (kidding here). But will sell today for $117 7/8. p.s. got an idea for you; if you can find 100 shares to short at $120 and above, then you are in the business of making lunch money on a daily basis...Btw, you do have the uncovered calls as an indirect hedge?

To: Rob S. who wrote (12009)	7/29/1998 3:42:00 PM
From: Marconi	Read Replies (1) \| Respond to of 164684

Hello Rob S: AMZN volume still over 2.5M shares today. Earlier this year it was closer to 1.5M daily. I would hope if volume trails off to closer to 1M, and there are no further runs, interest will decay, the momentum crowd will find other venues, and then AMZN should erode to below 50. Hopefully closer to rational value--well under 10 in my opinion. Keep an eye out for the exceptions which are the unforeseeable--historically that is what takes out bubbles. Best regards, m