Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike M who wrote (14405)	8/23/1998 4:20:00 PM
From: OtherChap	Read Replies (2) \| Respond to of 164684

>70 is extremely out of the money.. I hope that was only "gambling" money in the 70 puts. but of course, with 20 points daily swings a reality in the history of this stock, any money is gambling money. In any case, it is clear that this stock is still being manipulated, probably by vinik and company. The trick is not to bet against them, but to bet in the "gaps" they leave open. For instance, on monday the logical course of action would be for the MM scammers to purchase puts and then dump those big blocks of common stock that they purchased last week to inflate their call prices. They'll hold the puts for a while, as the stock drops, then they'll dump them at a profit and buy calls again, then buy big blocks of common stock to push their calls up, possibly squeeze the shorts, and then the whole cycle repeats. I wouldn't be surprised if the SEC is looking into this sort of thing.. Great little gig they've got running, though. The only way to make money on this thing is to realize that the stock is being manipulated- then base your investment choices on that information.