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

To: umbro who wrote (13594)	8/15/1998 12:32:00 AM
From: DLS	Respond to of 164684

Anyone catch that huge disclaimer (I mean 10Q) filed today? I would be interested in anyone's comments, but it seems to me that they are throwing their hands up, or at least getting their defense ready. I could be reading this totally wrong. Opinions to the contrary would be appreciated. dls

To: umbro who wrote (13594)	8/17/1998 11:24:00 PM
From: umbro	Read Replies (2) \| Respond to of 164684

AMZN options report for 08/17/98 AMZN price: 119.688 Options Study for: AUG put break-even: 118.15 OI = 19933 VOL = 2372 call break-even: 121.92 OI = 20842 VOL = 5292 max. pain: 120.02 R = 1.0 R = 0.4 Options Study for: SEP put break-even: 107.54 OI = 4104 VOL = 1733 call break-even: 135.34 OI = 5140 VOL = 1217 max. pain: 125.00 R = 0.8 R = 1.4 Options Study for: OCT put break-even: 100.79 OI = 4579 VOL = 449 call break-even: 131.87 OI = 9793 VOL = 1921 max. pain: 89.99 R = 0.5 R = 0.2 Options Study for: JAN put break-even: 93.13 OI = 2796 VOL = 142 call break-even: 146.12 OI = 4139 VOL = 155 max. pain: 99.95 R = 0.7 R = 0.9 net long/short: 0.85 mil. i.v. for AUG = 0.70 i.v. for SEP = 0.88 i.v. for OCT = 0.83 i.v. for JAN = 0.81 The Aug. "max. pain" has moved up to 120, so the theory might say that is where AMZN should gravitate by the week's end. Implied is steadying a bit, with Sept. vols. pegged as higher. As others have noted, AMZN showed poor relative strength vs. the broader market. I'd be surprised if we see a big up move in this stock the rest of this week.