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

To: Jan Crawley who wrote (13337)	8/12/1998 12:11:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>Once you are boxed, the higher it goes, the better What's the point of spectating?

To: Jan Crawley who wrote (13337)	8/12/1998 12:18:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Once you are boxed, the higher it goes, the better.......... Imaging unboxing at $200!! then write calls!! :)) My pending calls are Jan 150; asking premium of 23. Oct 140, asking premium of $17. I think Amzn will have to reach $135 for the execution. T/A comments? Jan, My present concern are some Sept 145 calls I wrote a bit too soon it appears. They may be fine. They may not. Otherwise, I am boxed Glenn

To: Jan Crawley who wrote (13337)	8/12/1998 12:37:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

This is turning into a beautiful rally to sell into. The momentum, although on much lower volume than past rallies, may carry it a bit further. It's still a stock driven by wild speculation. Amazon is very unlikely to split the stock now because they would be faced with a shareholders' lawsuit after the crash, IMO. During September and October, I predict that at least 3 million new shares will go into float; enough to drive down the price to bellow 100. Stock holders and short sellers should just now be starting to get positioned for the next leg down and continue as upside momentum breaks.